The performance of our balanced fund Compass Funds Select-21 is already part of our monthly newsletter.

With a positive end in December, the stock markets ended the third consecutive year with double-digit percentage growth. Strong corporate profits over the past year and continued optimism for 2022 have driven growth in stock indices. The bond environment was less positive given rising inflation and expectations of reduced stimulus from central banks. Key issues for the development of the economy and the actions of central banks will keep the attention of investors in the coming year.