Positioning reaffirmed
Despite ongoing geopolitical tensions, we maintain our positioning and remain constructive on risk assets. Following the strong performance of our energy exposure, we realised gains and reinvested the proceeds in the Digital Security theme.
Overall, our portfolios remain broadly diversified and well balanced. Especially in a challenging environment, we believe the greatest value lies in the disciplined implementation of long-term convictions, rather than in short-term tactical shifts.
