Pierre Bonart

“During this summer, equity markets suffered a big shock, and investors were looking for safe-haven assets such as government bonds. After this correction, we favour alternative investments and equities rather than bonds, mostly because equity markets are becoming more attractive in terms of valuation. However, we remain careful about financial equities. In this context, we begin to underweight value stocks for the benefit of growth. Furthermore, we profited from the sale of Renaissance Europe, and we entered a new fund: DWS Aktien Strategie Deutschland. Indeed, we consider that this fund would be better positioned to perform in the coming months.”