One exit and one entry in our Active Euro Portfolio – 02/08/17

We decide to exit the Lyxor TRV (Transport & Leisure) ETF from the Euro Active portfolio, while the index continues to underperform the stoxx600. We are replacing it with an ETF with a positive current dynamic and strong short and medium term bullish potential: Lyxor ETF TEL (Telecoms Europe Index). TEL is much more defensive and does not result in profit taking, and enjoys a good dynamic relative to the European benchmark. Q2 2017 figures confirm improved organic growth and solid margins, which secure dividends.

TEL (Telecom Europe) : weekly data