Raiffeisen-Nachhaltigkeit-ÖsterreichPlus-Aktien (I)

Fund Management Report

The European markets exhibited considerable volatility during the reporting period, especially because of the coronavirus pandemic (as has been the case for much of the year) but also due to the inflation trend and associated decisions by the central banks. The fund did well under these conditions, with very positive contributions coming from the materials sector while consumer goods manufacturers made a slightly negative contribution. The positions that were recently set up in Andritz AG and Lenzing AG were increased further. The developments in the coming months will largely depend on the progression of the pandemic. Especially new information about the severity of the cases with Omicron infections could bring greater clarity. (16.12.2021)