One exit and one entry in our Megatrend Euro Portfolio – 04/08/17

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). HAYE has a less correlated profile to equity markets and is composed of 30 "non-investment grade" corporate bonds, which is also a means to play the European economic recovery.

AHYE (Amundi High Yield Liquid Bonds) : weekly data