Erste Private Bank’s chief investment office (CIO) has delivered robust performance to private banking clients in Central and Eastern Europe, anchored by proactive positioning amid shifting macroeconomic conditions.
At the end of 2023, the CIO team capitalised on a steep decline in bond yields by extending duration exposure, a move that bolstered returns in fixed income and multi-asset portfolios. This set the stage for a strong start to 2024, with active duration management – responsive to evolving inflation and growth data – continuing to generate consistent client returns.
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