Two exits and two entries in our Active Euro Portfolio – 15/09/17

We integrate the Lyxor HLT (Health Europe index) ETF in our Active Euro portfolio, while the latter starts a rebound, after several months of correction. We exit the UTI (Utilities Europe) ETF which has behaved well for several weeks but which seems to loose momentum for several days in the context of equity markets recovery.

HLT (Europe Healthcare) : weekly data

 

We include the Lyxor CST (Construction Europe index) ETF in our Active Euro Pportfolio, in order to benefit from the renewed interest in the cyclical sectors, while the European indices seem to have completed their correction started in June.

We exit the CNB (Corporate Bonds Europe) ETF, more defensive, but which seems less adapted in a context of recovery of the markets.

CST (Building & Contruction Europe) : weekly data