From
Fund Selection
05 April 2011
Lionel De Broux
“Markets have been difficult for both equities and fixed income since mid of February. The impacts of exogenous political factors are always difficult to assess, but make us more cautious with some of our positions. We had already decreased our exposure to some of the most risky assets last month, and have decided to continue this trend. Therefore both emerging markets debt and equities have been reduced to the benefit of our non directional positions.”
