Buy, Sell, Watchlist

We include in our Watchlist the ETF Lyxor AU2 (Australian Index ASX-200) which develops a graphically attractive configuration and enjoys a long-term upward trend, while historically consolidations tend to be buying opportunities.

• The Australian economy is indeed very dynamic and diversified and highly exposed to the Asian economies.

We include the ETF Ishares EPU (MSCI Peru Index) in our watchlist because of its relative strength versus overall equity indices (World, Europe and US) as well as its positive technical configuration. The cost of this ETF is 0.63% and outstanding amounts are approximately $ 167 million.

We integrate the KRW Lyxor ETF into our Watchlist (short), while the technical situation weaken under geopolitical tensions. We should be very careful on the technical signals of the next few days, as the evolution of this ETF should be more than ever "event driven".

We include in our watchlist the ETN Ipath Cotton (BAL), which presents an interesting technical short term configuration. In the longer term, structural threats could weigh negatively on prices. BAL incurs a fee of 0.75% with a limited liquidity of c.

We integrate RIO (Brazil) into our watchlist because of a technical profile that has clearly improved and once again became attractive from a technical point of view in the short and long term. Brazil has suffered a new political scandal, but President Tremer succeeded in preventing the opposition from obtaining the two-thirds majority needed to bring the corruption charge to the Supreme Court.

We decide to exit the Lyxor CST (Index Construction Europe) ETF from the Megatrend portfolio, while the index weakens and enters a correction phase. We are replacing it with a much more defensive ETF with a positive momentum and a significant upside potential in the short and medium term: the HAYE ETF of Amundi (corporate bond index).

We decide to exit the ETF Lyxor JPN (Topix Index Japan) of the Active Euro portfolio, while the index continues to underperform the stoxx600 and is entering into a correction phase. We are replacing it with a much more defensive ETF with a positive momentum and a significant upward potential in the short and medium term: the Amundi CC4 ETF (corporate bond index).

We decide to exit the Lyxor TRV (Transport & Leisure) ETF from the Euro Active portfolio, while the index continues to underperform the stoxx600. We are replacing it with an ETF with a positive current dynamic and strong short and medium term bullish potential: Lyxor ETF TEL (Telecoms Europe Index).

We integrate the ETF Lyxor Pan Africa (PAF) into our Watchlist, while this ETF seems to rebound to the point of launching a medium-term buy signal. This index is composed of 30 stocks exposed equally in three geographical zones: North Africa, Sub-Saharan Africa and South Africa.

We decide to exit the ETF Ishares THD (MSCI THAILAND) from the Active Dollar portfolio, while the index has struggled to find a bullish momentum in recent weeks. We are replacing it with an ETF with a positive momentum and a strong upward potential in the short and medium term: the Ishares ETF EWW (MSCI Mexico).