After the sharp rally following the reopening of the economy, the economic recovery has slowed down somewhat.
Companies are showing optimism, but consumers still feel hampered in their mobility, and doubts about job security are growing.
The smooth recovery in China indicates that the crisis can be overcome, with the help of the necessary government support.
The trend on the financial markets is positive. So positive in fact that it appears to be excessive in some segments and that certain risks, such as the approaching Brexit deadline and upcoming US presidential elections, are being overlooked.
We are therefore continuing to hold a balanced investment portfolio in which we combine a number of more defensive accents with more growth-oriented trends, such as medical technology and digitalisation.
In the bond component, we are looking for returns by investing in corporate bonds and in government paper from southern euro-area countries. Nevertheless, we are also building in some security with long-term German government bonds.
Besides this long-term vision, protection and trends on the financial markets are important aspects too. Your personal investment, which you can see in KBC Mobile and Touch, may have a different composition that takes account of your comfort zone.