Georges Wolff

“In the current highly volatile market environment we start our fund portfolio with a mixed allocation to global bond and equity funds. All funds selected have a quite defensive approach. The additional equity funds are regionally focused. As an active allocation overlay we also initiated a position in an asset allocation product from Blackrock. The current cautious positioning of the Blackrock manager enhances the defensive profile of our portfolio. At the same time the exposure to this actively managed allocation fund provides us with an opportunity to gain exposure to risky assets as soon as markets return to normality.”