Lionel De Broux

“Markets have delivered mixed results over the month of March. Investors still have difficulty to take positions between the encouraging news coming from the US economy and the apprehension about the European situation combined with the question about Chinese growth. In that context, the performance of our model portfolio has moved in-line with the index, despite the difficult performance of the commodity-related allocation. We remain confident in our actual set of managers and continue to diversify our fixed income allocation via hedge funds and patrimonial products.”