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The current headlines about surprisingly high US tariffs and the resulting price losses in international financial markets are understandably causing uncertainty. We would like to share with you our view of the current market situation to show that these short-term events do not fundamentally change the overall picture. The fund positioning of the Ethna-AKTIV is designed to balance out exaggerations. True active risk management is at the heart of our work.

The 25 per cent import tariff on non-US cars and car parts appears to be just the beginning. On 2 April, the world's eyes will be on the US, where President Donald Trump has announced reciprocal tariffs in retaliation for trade barriers in other countries.

ETHENEA honoured as the best Luxembourg asset management company for 2025

When making investments, ETHENEA seeks dialog with the management of the companies in which it invests. We use our voting rights at general meetings as an additional means of communication.

The markets are on the move, and everyone is waiting to see what will happen. We would like to inform you about the factors that have led to this and how they influence the positioning of the Ethna Funds.

Environmental and social sustainability aspects have become essential in the financial markets and in asset management: environmental, social and governance aspects constitute the three pillars of sustainability known as ESG.