One exit and one entry in our Active Euro Portfolio – 30/08/17

We decide to exit the ETF Lyxor TEL (Telecoms Europe Index) from the Euro Asset portfolio, while the index weakens (mainly due to the UK components which suffers from the fall in the Pound) and is entering a correction phase. We are replacing it with a much more dynamic ETF that is less correlated with Stoxx600, which has a positive momentum and a significant upward potential in the short and medium term: the Lyxor WIG ETF (Polish WIG20 index).

Poland is currently benefiting from strong growth in its economy, and is not penalized by the rise in the Euro (Poland has kept its national currency the Zloti).

WIG (Poland) : weekly data