Claudio Barberis

CFA, European Fund Selection Committee, Allianz Global Investors Investments Europe

Based in: Milan, Italy

“This month we are changing the portfolio, reducing the fixed income absolute return exposure (Vontobel and Julius Baer) and entering a new alternative beta position, the Dexia Index Arbitrage strategy. We stay invested in the euro government bond market with the Allianz Euro Bond Strategy, where at the moment the duration and peripherals positioning is prudent. We keep a slightly positive exposure to global equities with a position in the gold sector, as an hedge for macroeconomic imbalances. In the euro equity market, we still focus on active managers (Alken, Rothshild & Cie) and the ING High Dividend Strategy.”