inflation-linked notes

During the brief period between the release of most Covid-19 measures and the start of the war in Ukraine, inflation was the order of the day. And although we currently live in a more complex and visibly less global world, inflation still seems to be the number one issue for financial markets.

With a return of 46 per cent year-to-date, the ACATIS Datini Valueflex is on a roll this year. The 10 per cent allocation to cryptos, via an investment in three crypto ETFs and a direct investment in Coinbase, have helped considerably. But at the top is vaccine maker BioNTech, which is responsible for 11 per cent of the return, according to a conversation with fund manager Hendrik Leber (pictured), who called the fund the “chilli pepper of an investment portfolio”.