Julien Moutier

“The slide in equity markets continued against a background of highly volatile indices and concerns about developments in the Greek debt crisis and slackening world growth. Macroeconomic indicators and decisions (or rather indecisions) by European governments were the main factors explaining the performance of global indices.

Given this uncertain context, we took this opportunity to trim part of our euro equity exposure to the BlackRock Euro Markets Fund. We reinforced our insurance strategy through our volatility support, which recently faced a correction in parallel of the market’s rebound.”