Christian Jost

“During September investors worldwide turned their focus once again on the European debt crisis. It has become quite obvious that Greece will not be able to cover its financing needs in coming years. A potential Greek default could spread contagion across the European banking sector as these banks have the largest exposure to Greek debt. The financial sector suffered extensive losses throughout the month. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this market environment by increasing the fixed income exposure to over 70 per cent.”