Professional Wealth Managementt

By PWM Editor

“Our balanced portfolio retained roughly the same equity weighting as last month. Our main change was selling the last US equity fund that remained and adding an extra European equity manager, which is focused on a growth at reasonable price, thematic approach. On the other hand, we have reduced the risk budget of our fixed income portfolio by selling half of the high yield funds. Within the next few months, we do not intend to increase the equity weighting, as we expect rather volatile markets.”

 

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