Management selection team, Eurizon Capital

“Last month we made some minor adjustments to our portfolio, by reducing the European equity weight in the portfolio and increasing both euro Government bonds and global equity funds. The best contributors to the performance have been Generali Euro Bond, M&G Global Basics fund, M&G Recovery fund and Janus US Strategic Value fund. On the other hand, we got a negative contribution especially from MFS European Equity and Vontobel US Value. The bond portion of our portfolio remains invested in pure Government bond funds, as we maintain our conservative approach.”