Christian Jost

“September was a good month for stock markets. OECD indicators show a positive development, while incoming orders and corporate investments increased. M&A activity also started to pick up. The European economy seems to be getting out of recession sooner than expected. According to OECD forecasts, Europe will already have relatively stable growth rates in the second half of the year. Nevertheless, private consumer spending continues to be hesitant and budget deficits in many countries do not stop rising. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, increased its cash and fixed income exposure.”