Management selection team, Eurizon Capital

“This month we didn’t make any change to the portfolio and no changes have been made in the sector and geographic allocation of our portfolio either. The best contributors to the performance have been M&G Global Basics fund, managed by Graham French, and UBS USA Growth fund, managed by Lawrence Kemp. Except for UBS fund, performance of other US equity funds has been a bit disappointing, and so has been the performance of European equity funds. The bond portion of our portfolio remains invested in pure Government bond funds, as we maintain our conservative approach.”