Raiffeisen-Nachhaltigkeit-Mix (R)

Fund Management Report


November saw a mild consolidation on the equity markets, due to profit-taking. Most companies released good quarterly reports, but there were some disappointments in the guidances. Amidst these conditions, the fund suffered some small losses in the equity segment. In turn, slightly higher yields on government bonds were registered in the bond segment, along with temporary risk aversion on the credit markets. While the economic data released in the euro area was mostly on the strong side, the only remaining argument for the ECB to maintain its extremely expansive monetary policy is the below-average level of inflation. The bond segment was able to remain quite stable under these conditions. The fund invests with broad diversification in bonds and equities of responsible, sustainable companies, and governments. The share of equities is currently at roughly 49%. (24.11.2017)