Professional Wealth Managementt

By PWM Editor

“The international equity markets continued their rally in April, buoyed by good earnings news, especially from banks, and by firmer than expected macroeconomic indicators. The MSCI AC World index rose by 11.5 per cent, while emerging markets (MSCI Emerging index) rose by by 16.3 per cent. Cyclicals and financials recorded the best performances. Returns on our portfolio benefited again from the rebound on global markets. Considering turning points on leading indicators we decided to implement a more aggressive stance, by increasing our holding on Alken European Opportunities and trimming part of our Uniglobal Minimum Variance Europe’s stake.”

 

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