Professional Wealth Managementt

By PWM Editor

“With the US dollar rallying against the euro we switched from the Pioneer US Mid Cap Value (Euro) into the unhedged Pioneer US Mid Cap Value fund. Furthermore, we replaced the Nordea 1 North American Value fund with the Janus Risk Managed Core fund. The rest of the portfolio remained unchanged as we still see stocks relative to bonds as relatively cheap, so we feel comfortable with a broadly diversified portfolio.”

 

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