Professional Wealth Managementt

By PWM Editor

“The balanced portfolio is now back to its benchmark weights, i.e. close to being half invested on the equity markets. The holdings are heavily concentrated on Europe-focused fund managers, the cheapest equity market around. Also, excesses have been made in May and June which left a lot of stocks at their cheapest level in years. However, going forward, headwinds could arise, in particular due to the concurrent hawkish monetary policies all over the world. The portfolio has to be kept rather conservative.

 

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