• RankiaPro Spain
Menu
  • RankiaPro Spain
SUBSCRIBE
Search
Close
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    rankiapro-acontecimientos-podrian-marcar-mercados-verano
    Insights

    What events could mark the markets this summer?

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    COVER IMAGE WEB POSTS (5)
    Appointments

    DWS: Sebastian Krämer-Bach to take over Communications & Marketing from Adib Sisani

  • Magazine
    RANKIAPRO EUROPE
    RANKIAPRO EUROPE
    RANKIAPRO IBERIA
    RANKIAPRO IBERIA
  • Events
    RANKIA FUNDS EXPERIENCE
    CONFERENCE CALLS
    CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Menu
  • Home
  • Insights
    EQUITIES
    EQUITIES
    FIXED INCOME
    FIXED INCOME
    ESG
    ESG
    INTERVIEWS
    INTERVIEWS
    MARKET OUTLOOK
    MARKET OUTLOOK
    ETF
    ETF

    Featured

    rankiapro-acontecimientos-podrian-marcar-mercados-verano
    Insights

    What events could mark the markets this summer?

  • News
    APPOINTMENTS
    APPOINTMENTS
    LAUNCHES
    LAUNCHES
    ASSET MANAGERS
    ASSET MANAGERS

    FEATURED

    COVER IMAGE WEB POSTS (5)
    Appointments

    DWS: Sebastian Krämer-Bach to take over Communications & Marketing from Adib Sisani

  • Magazine
    RANKIAPRO EUROPE
    RANKIAPRO EUROPE
    RANKIAPRO IBERIA
    RANKIAPRO IBERIA
  • Events
    RANKIA FUNDS EXPERIENCE
    CONFERENCE CALLS
    CONFERENCE CALLS
    RANKIAPRO MEETINGS
    RANKIAPRO MEETINGS
  • Podcast
  • MiFIDII Training
Search
Close
Search
Close

Home | Funds to go on holidays with

Funds to go on holidays with

If you are still invested at mid-year, maybe the below strategies will help you to survive the summer. Jean-Baptiste FARGEAU, Fund Selection Manager at BLI - Banque de Luxembourg Investments discloses his favorite funds to go on holidays with.
Jean-Baptiste Fargeau

Jean-Baptiste Fargeau, Fund Selection Manager at BLI - Banque de Luxembourg Investments

  • 2 August 2022

2022 is a choppy year with investors facing a lot of uncertainties. Throughout the year, clouds are mounting on the financial sky: inflation, deceleration (recession?) of economic growth, war in Ukraine, Covid, supply bottlenecks, energy shortages, central banks monetary policy tightening, etc.

This time around, the saying “sell in May (even before) and go away” was particularly useful. If you are still invested at mid-year, maybe the below strategies will help you to survive the summer.

On the bond side, the primary market is not very active during the summer, liquidity is low, rates are volatile, just like any other market! So, I would suggest using defensive strategies and come back to duration or credit spread strategies after the summer. In this bond world, some strategies are still worth a look, I could mention inflation funds which benefit from inflation indexing, with low duration to bet on realized inflation, like AXA WF Global Inflation Short Duration Bonds. China is a rare country that is engaged in an easing monetary policy to combat slowing growth. There, the local bond market in sovereign bonds (to avoid the real estate credit) is secure and rates are not expected to go up. The Gavekal China Onshore RMB Bonds is a good candidate to play this bet. Duration can be a trap during the summer, betting on floating rate notes would protect your portfolio against rates moving higher, in this category I would suggest the M&G (Lux) Global Floating Rate High Yield Fund. To diversify your portfolio, you could invest in a fund that has practically no correlation to US rates, as it is the case for Insurance Linked Bonds (cat bonds) like the GAM Star Cat Bonds which are mainly linked to US storms, hurricanes, earthquakes and fires.

On the equity side, cyclical sectors have outperformed this year thanks to energy, materials, or industrials, but still less than very defensive sectors like consumer staples and utilities. Considering the economic uncertainties, I would suggest staying on this trend of high quality, defensive or low volatility stocks, both in Europe and the US. In the low risk products offering, I appreciate the Robeco QI European Conservative Equities and its US equivalent Robeco QI US Conservative Equities (even the Emerging Markets version is appealing). These quantitative strategies apply low volatility filters and also focus on attractive valuation, good earnings momentum and positive analyst revisions.

Some directional Long/Short strategies can navigate well in choppy waters, this is the case for Liontrust European Strategic Equities Fund and Lumyna Marshall Wace TOPS UCITS fund. The first fund is managed thanks to a cashflow solution investment process investing in long, synthetic long and synthetic short positions. The second is a quantitative strategy that tries to capture the alpha residing in the stock ideas of contributors within the wider sell-side community throughout Europe.

Marshall Wace ESG Market Neutral TOPS UCITS fund uses the same methodology adapted to a long/short market neutral strategy. This fund also uses an ESG overlay which allows it to be classified SFDR 8.

  • funds, Holidays

Related Post

outside holidays
  • Insights, Market Outlook

When holidaymakers become interested in travel and leisure, so do investors

Given the widespread chaos at airports these days, might the opportunity be in the travel and leisure sector?
firma acuerdo DESTACADA
  • News

Allfunds acquires a majority stake in MainStreet Partners

Headquartered in London, MainStreet Partners is the trusted ESG partner of top-tier financial groups, providing a one-stop shop for their sustainability requirements.
NEWSLETTER
If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now to our newsletter.
Subscribe

Last Tweets

11 Aug

🗣 Isn’t high inflation bad for bonds?

https://en.rankiapro.com/high-inflation-bonds/

10 Aug

🗣US health care, with promising drug pipelines, looks attractively valued

...https://en.rankiapro.com/us-health-care-drug-pipelines-valued/

10 Aug

🧐 What events could mark the markets this summer?

https://en.rankiapro.com/events-markets-summer/

10 Aug

📣 Luca Genoni, Private Banker at Fideuram Intesa Sanpaolo Private Banking is our Advisor of the Month for August!

...🔎 Read the full interview here 👇

https://en.rankiapro.com/luca-genoni-fideuram-is-our-advisor-month/

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • Email: [email protected]
  • Phone: (+34) 963 386 976
  • Mobile: (+34) 640 308 023

Newsletter

If you want to keep up to date with the latest news from the asset management industry and all our events, subscribe now.

Subscribe

All rights reserved © 2003 – 2021 Rankia S.L.

RankiaPro

  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us
Menu
  • Home
  • Insights
  • News
  • Magazine
  • Events
  • About us

Terms and uses

  • Cookies Policy
  • Privacy Policy
  • Disclaimer
Menu
  • Cookies Policy
  • Privacy Policy
  • Disclaimer

Contact

  • Email: [email protected]
  • Phone: 963 386 976 – 601 302 692

All rights reserved © 2003 – 2021 Rankia S.L.

Manage Cookie Consent
To provide you the best experience on our website, we use technologies like our own and third-party cookies for analytical purposes and to store device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique identifiers on this site. Not consenting or withdrawing consent may adversely affect certain features and functions.

To learn more, please read our Cookie Policy and Privacy Statement.
Functionality or Personalisation Cookies Always active
These cookies are necessary for the website to function or for the unique purpose of transmitting a communication over an electronic communications network, and cannot be disabled on our systems. Usually they are set up to respond to actions made by you to receive services, such as adjusting your privacy preferences or filling out forms. You can set your browser to block or alert you to the presence of these cookies, but some parts of the website will not work. These cookies allow the website to provide better functionality and personalisation. They may be set by us or by third parties whose services we have added to our pages. If you do not allow these cookies some of our services will not work properly.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics Cookies
These cookies allow us to count traffic sources in order to measure and improve the performance of our website. Storage or technical access which is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing Cookies
These cookies may be site-wide, placed by our advertising partners. These third parties may use them to create a profile of your interests and show you relevant adverts on other sites. If you do not allow these cookies, you may receive less targeted advertising.
Manage options Manage services Manage vendors Read more about these purposes
Cookie Settings
{title} {title} {title}
  • RankiaPro Spain
Menu
  • RankiaPro Spain
Menu
  • Home
  • Insights
    • Equities
    • ESG
    • ETF
    • Fixed Income
    • Interviews
    • Market Outlook
  • News
    • Appointments
    • Asset Managers
    • Launches
  • Magazine
    • RankiaPro Europe
    • RankiaPro Iberia
  • Events
    • Rankia Funds Experience
    • Online Events
    • RankiaPro Meetings
  • Podcast
  • MIFIDII Training

Follow us on social media

Linkedin Twitter Youtube Flickr

NEWSLETTER

Subscribe

Book now

Funds to go on holidays with