One entry and one exit in our Active Euro Portfolio – 08/09/17

We integrate the ETF lyxor RUS (Russia) into our Active Euro portfolio, while the rise in commodities and the recent oil rebound is favorable to the Russian economy which is back to growth.

We exit the ETF BNK (Banks Europe) due to the relapse of interest rates that penalize the margins of banks, a trend which should continue for a while, as the ECB considers premature to normalize its monetary policy in the absence of inflation and in a context of appreciation of the Euro.

RUS (Russia) : weekly data