Professional Wealth Managementt

By PWM Editor

“The New Year brought several changes in the portfolio driven both by tactical decision and fund specific factors. Focusing on the fixed income, we have maintained our position in convertible bonds but we have also taken an exposure to high yield bonds in order to play spread tightening. We have made a few changes on the equity side. UBAM Neuberger Berman US Eq Value has been added to the portfolio, as the recent underperformance of the fund has led to an entry point. We have also replaced Grande Europe with funds focusing on Core European countries.”

 

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