From
Archive
03 December 2012
Claudio Barberis
“In the past month the credit part of the portfolio has continued to perform well. The absolute return bond funds have delivered mixed performance, due to some volatility in the peripheral euro bond markets. The equity markets suffered for the risks related to the fiscal cliff in the US and the weak reporting season. The portfolio overall benefited from asset and currency diversification. We are not changing the composition of the portfolio this month.”
