Multi Asset Tempo
- Fund
- Multi Asset
- Global
- ESG Product
Product details
NAV Price
Current
Performance
Since 1 Year
Data updated on 30 April 2025
Strategy
The fund conducts multi-asset management in all geographic regions with a defensive profile. The allocation between asset classes (interest rate products, equities,...) and regions is redefined every month using quantitative models. Each asset class is subject to specific active management focusing on volatility.
Management commentary
The fund posted a positive performance in May, although below that of its reference index. Our overexposure to risky assets, especially equities, generally shored up the performance. However, the stock selection, which was oriented towards defensive strategies, was a slight relative drag. The main impact stems from our long duration positioning, penalised by the rise in sovereign yields, against the backdrop of heightened fiscal tensions in the United States and Japan.
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