Christian Jost

“During the month of July, the dominating topic was once again the European debt problem. European leaders agreed on a E159bn bail-out programme including the involvement of the private sector. Another problem that was causing uncertainty among investors worldwide was the difficulty of the Democrats and the Republicans to reach an agreement concerning the increase of the US debt ceiling. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this market environment with an increase in its fixed income exposure.”