Raiffeisen-Nachhaltigkeit-Mix (R)

Fund Management Report

 

A modest upward trend was seen on the international equity markets in September. Geopolitical tensions in relation to North Korea eased off, and Hurricane Irma caused less damage than anticipated. The equities in the fund posted positive performance amidst these conditions for the stock markets. European government bond markets suffered from falling prices, due to the somewhat better inflation data in Europe and the USA, and the reduction of the Fed’s balance sheet. By contrast, conditions on the spread markets were benign, with corporate bonds in particular profiting from the improvement in risk sentiment. The fund invests with broad diversification in bonds and equities of responsible, sustainable companies and governments. The ratio of equities in the fund is currently at roughly 49%. (25.09.2017)