Professional Wealth Managementt

By PWM Editor

“The previous month, we took some profits on our equity exposure, as we thought the markets were getting too optimistic. However, valuations are reasonable and offer a protection against a severe downturn. We still have a positive view for equities, but it was necessary to adjust to rising risk factors. We continue to benefit from low exposure to fixed income and from our exposure to a fund of hedge fund, which has been a good alternative in this rising interest rates environment.”

 

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