Christian Jost

“The major focus remains on the euro sovereign debt crisis as the main risk factor that could drive the economy back into recession. Weakening macro data remain supportive of bonds, but the main driver is still the euro crisis, with the difficult political situation in Greece with new elections in mid-June and discussions about a possible exit from the eurozone threatening the stability of the common currency. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this market environment with an increase in less volatile fixed income funds.”