One entry and one exit in our Megatrend Euro Portfolio – 11/09/17

We integrate the ETF lyxor TNO (Technology Europe) into our Megatrend Portfolio. The mid-term growth potential looks huge (AI, digitalization…).

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. The ECB considers premature to normalize its monetary policy in the absence of inflation and in a context of strong appreciation of the Euro.

TNO (Technology Europe) : weekly data