EU Master Model
Portfolio Mandate
Objective:
Preserve and compound capital over full cycles with explicit attention to growth, drawdown risk and concentration limits.
Design Constraints:
EU Long-only. Diversified. Rules-guided. No leverage. No forecasting.
Illustrative asset class weights
ENR 35%
UCG 35%
ASML 20%
BBVA 10%
Country exposure
Germany: 35%
Italy: 35%
Netherlands: 20%
Spain: 10%
Sector exposure
Industrials: 35%
Financials: 45%
Communication: 20%
Allocations reflect a disciplined balance under current risk conditions. Illustrative framework only.
Section 2 — Monthly Review Note
Review Outcome
Moderate rebalance
Sold 100% SAN
Rationale
Allocation remains consistent with risk balance and diversification objectives. Recent market developments do not warrant structural adjustment.
What We Ignored
A modest rebalance was implemented to preserve concentration limits given changes in volatility and valuation dispersion.
This framework may underperform during periods of strong momentum or narrow market leadership. It is designed to prioritise resilience and capital continuity over short-term optimisation.
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We do not provide personalised investment advice or manage client assets.”