Summer Turmoil: No Reason to Panic, But Keep A Defensive Stance
In the latest Investment Talks, our Group CIO, Giordano Lombardo is commenting on recent market turmoil. We believe that market volatility is here to stay for the coming months and, therefore, we suggest to maintain a very cautious stance in the investment strategies. However, for those investments that in anticipation of the market turmoil have reduced materially the risk exposure, we believe that the recent market correction could provide some opportunities to rebuild risk exposure at cheaper prices. At this stage we don’t see reasons to change our constructive view on companies with solid fundamentals, mainly exposed to the developed domestic markets.