Raiffeisen-Globál-Részvény Alap (R)

Fund Management Report

The international exchanges moved sideways in October after the strong uptrend in the summer. This was caused by a minor correction for technology shares, which have reached in part very high valuations, and the second coronavirus wave in the USA and Europe led to increasing investor uncertainty. The fund made sales including Hess, E.On, Lawson, and Crown Holdings and new purchases in SAP, First Solar, and Ball Corp. Uncertainties due to global worries about a recession and the ongoing spread of the coronavirus will likely still be a factor for some time to come. (23.10.2020)