Christian Jost

“The political insecurity in the Middle East and North Africa had a negative impact on most of the major international stock markets during the month of February. Due to civil unrest in Libya, the oil price reached new highs, which could put pressure on the frail recovery of the global economy. The spread of the crisis to neighbouring countries could further trigger an increased inflation. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this market environment by increasing its exposure to commodities such as gold, silver and agriculture.”