Raiffeisen-Nachhaltigkeit-Mix (R)

Fund Management Report

The equity markets posted neutral to mildly positive performance in June. Topics included further escalation of the trade conflict between the USA and China, as well as statements and actions by the ECB and the Fed. The performance of the fund’s equity segment was positive in June. The corporate bond markets are being driven by current political topics such as the escalation of the trade conflict, contradictory signals from Italy, and the ECB which will end its purchase programme at the end of the year, but nevertheless plans to keep interest rates low for the time being. Risk premiums narrowed somewhat, but the attractively priced new issues prevented better performance. The fund invests with broad diversification in bonds and equities of responsible, sustainable companies and governments. The share of equities is currently around 49.4%. (25.06.2018)