Christian Jost

“International stock markets could benefit from the positive newsflow coming from Europe during July. The European Union published full details of the stress test that was conducted on financial institutions across the region. The tests assessed banks’ ability to survive future economic shocks and only 7 out of 91 banks failed the health check. Throughout the month the Euro appreciated against the US dollar from $1.23 to $1.30. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this market environment in a cautious way by overweighting bonds and reducing alternative investments.”