Raiffeisen-Euro-Rent (R)

Fund Management Report

 

The past month was marked by slightly higher yields on EUR government bonds and some temporary risk aversion on the credit markets. The economic data released in the euro area was mostly on the strong side, and the only remaining argument for the ECB to maintain its extremely expansive monetary policy is the below-average level of inflation. The fund was able to remain quite stable under these conditions. We are sticking with our relatively conservative duration positioning in the portfolio. (24.11.2017)