English to Italian Bus/Financial Finance (general) panoramica dei mercati

The Fund underperformed its benchmark in January due to positioning relative to credit quality, security selection and a drag on performance associated with cash. While the Fund has been pursing a generally up-in-quality strategy, it remained under-weight BB-rated securities through the month. The Funds over-weight positioning in the embattled Technology sector which had sharply negative returns was also a contributor to underperformance.