Hopes, fears, and guessing…Time to the let models speak.
Our dynamic asset allocation models inform our investment decisions. The models assign a score to each asset class ranging from -2 to 2.
•We maintain an overall defensive positioning in risk assets. Our top-down climate indicator remains expressly negative.
• In our Hedge Portfolio, we overweight short-dated EZ Gvt. Bonds and hold IG Bonds as an underweight.
• We have reduced our exposure to short-dated USD Gvt. Bonds.
• In our Risk Portfolio, we stay underweight in European, EM and JPY equities while holding High Risk Credits and US Equities in neutral positions.
• Our Cross-Asset Portfolio Model is implemented in our CAP-M fund. For an in-depth outline of the fund and its methodology: https://c-a-p.dk/our-fund/