Professional Wealth Managementt

By PWM Editor

“In reaction to the dramatic rise in volatility in equity and fixed income markets, we have reduced market risk considerably in both fields. Equities are now at 32 per cent, bonds at 36 per cent. We have built up 22 per cent cash in order to be able to act when markets find their bottom. Once we see that, we will make use of any opportunities that arise and reinvest our liquidity. European Reits were eliminated altogether. We took our profits there. We have made some style changes in the bond portion, reducing overall maturity and credit risk.”

 

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