In operational terms, we continued to be averagely invested in the areas
Megatrends – Global Sector – Robotics – Building Products – Utilities – Banks – Diversified Financial – Food, Beverage & Tobacco – Hotels Restaurants & Leisure – Nasdaq Selection – Pharmaceuticals & Life Sciences, Media & Entertainment while our mathematical analysis and AI models led us to a Sell Out of the Materials line
We have also inserted for prudence a small hedge on the Nasdaq that is in addition to the one opened last month on the S&P500 hedges that give more stability to the NAV in this period of high volatility.
As always using our AI we try to balance sectors and investment timing always with a Long vision but conscious that all indicators show a worsening situation that could lead to a sharp Sell Off.
Overall, Our INDEX remains Growth with a Long view, high liquidity of the securities included in the portfolio, and active risk management.