Yoann Ignatiew and Charles-Edouard Bilbault, Co-Fund Managers of R-co Valor, Rothschild & Co Asset Management Europe
In a certain way, financial markets reached a form of “levitation” in 2018, as they became convinced that US “tech” stocks would continue reaching peaks, bringing the entire market in its wake. That was a rude return to earth late in the year, with massive corrections for the sector as well as on almost all indices.
What changes in our portfolio? What strategy to adopt in 2019?