Marjolijn Breeuwer

“It is common for investors to get overconfident and believe they have a higher risk tolerance than they really have following extended gains in the markets. We have experienced a substantial bull market over the past three years and it is important not to lose sight of the fact that equity markets can also lose money over extended periods. We rebalance our portfolios back to their strategic asset allocation on a monthly basis and this discipline ensures that we will not become over-exposed to a rising equity market. For our equity exposure, we continue to prefer managers who do not slavishly follow an index.”