Christian Jost

“During April stock markets were able to advance even though worries about Greece’s debt problems have not diminished. The main reason for this slightly positive development is that the European Union and the International Monetary Fund have announced their financial support. News regarding the threats to the euro, generated by the so-called Piigs states, did not so much affect equities but triggered an increased volatility in the bond markets. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this by slightly overweighting equities to the detriment of alternative investments.”