After the integration of Equities in addition to the ETFs, made possible by the deployment of our trading algorithms,

We are continuing the transformation of ETFWAVE by thoroughly overhauling our "Global Macro Portfolio".

Our goal is to make it a portfolio, now listed in Euro, which will build its performance by allocating its investments in major asset classes according to market conditions:

• Equities (major indices and major regions of the world),
• State and corporate Bonds
• Gold
• Commodities (Energy, Industrial Metals, Agriculture)

When equity markets are bullish (as at this time), the share of the Equities may rise to 67% of the portfolio.