Every quarter, the experts of ETHENEA hold a web conference to inform you about the positioning of the Ethna Funds, as well as the current situation on the markets. As a service to you, we have provided an overview of the central questions from our web conference in this publication entitled CLEAR AND SIMPLE.

Active, flexible and focussed on capital preservation - the Ethna-AKTIV is and remains a stable basic investment for a balanced portfolio.

After a spectacular rise in recent months, US long-term yields have reached their highest levels in decades. Supposedly ultra-safe Treasury bonds are on track to lose money for the third year in a row, declining around 40% over that period. A record-breaking pace of rate hikes by the Fed to counter rapidly rising inflation and an unprecedented rate of government deficit has unsettled the markets and pushed long yields higher. The vexing question now is where long yields go from here: a rapid decline, a plateau, or yet another peak to climb?