Michael Blümke, one of the Lead Portfolio Manager of the Ethna-AKTIV, explains the chosen approach for the fund given the current late phase of the equity market economic cycle.

On 23 June 2016 the UK voted to leave the European Union. The protracted withdrawal negotiations finally came to an end on 25 November 2018, or at least the EU and the UK government hope so. Now it’s the UK Parliament’s turn to decide. Brexit or exit from Brexit? In addition, Guido Barthels discusses the first signs the market is showing of an economic downturn.

In an increasingly challenging environment, fundamentals remain crucial for our portfolio composition. In his video, Thomas Herbert, Head of Portfolio Management, looks at the signals that macro data, financing conditions and corporate profits are currently sending.