In July, the global equity markets continued with the recovery that was seen in recent weeks. Especially the economic support packages of the various governments continued to ensure positive sentiment. Government bonds from the European core were relatively unchanged in July while corporate bonds continued to recover. Especially the continued strong technical state of the market brought rising prices.
The fund invests with broad diversification in bonds and equities of responsible companies and governments. The equities allocation is currently around 49% and the share of corporate bonds was kept stable at about 25%.
The development of prices in the coming months will depend largely on the sustainability of the economic recovery and the infection trend. (24.07.2020)
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