At the beginning of last week we have our risk position by retraction of overweight in property and commodities (to neutral) is reduced. On 15 July we went over to an under-weighting of equities versus bonds. These actions were taken in the wake of the worsening debt crisis and the associated "tail risk" and the possible domino effect is necessary. Already a few weeks ago, the IMF warned that the continuing indecision of the EU not only in Europe but also the confidence of investors worldwide.
No comments:
Post a Comment