Eurozone property.
The Eurozone Property fund is performing poorly because some of the constituent companies in the EPRA European Property Index, in which the fund invests via an ETF, have performed very very poorly. EPRA has produced a report this month on inflation and European property values that concluded inter alia that “The current inflationary pressure is likely to be temporary and its short-term impact should represent a positive driver for the listed real estate industry in Europe”. Inflation_Analysis_-_February_2022_1644232083444.pdf (epra.com) . Of course, many would say that these reports should be taken with a grain of salt. [Note, I’ve a very small investment in this fund, and am evaluating this holding.]
Eurozone Equity
Eurozone equities are a key holding for eurozone investors. You get equity returns without exchange rate risk. If volatility is not an issue you should consider retaining this investment. [Note, I’m retired and I’ve 20% of my holdings in eurozone equities, and I’ve no intention of reducing this investment. Then again, my attitude to risk may be different to yours.]
All your managed funds have different objectives. If the fund managers meet these objectives, why change? Remember, fund switching costs in that you will be selling at the bid and buying at the offer.
If you have deposits, i.e. guaranteed by the Deposit Guarantee Scheme, you have, in effect, risk-free bonds, although admittedly they currently pay little or no interest. So why are you investing in the Long Bond Fund? Long term bonds carry interest rate risk, i.e. when interest rates rise, the price of fixed-rate bonds falls. The US Securities and Exchange Commission has issued an investor bulletin on this ib_interestraterisk.pdf (sec.gov) that it might be prudent to read. [I'm retired, but I've no investments in long-term bonds. It is sort of a bet on your life expectancy vs the maturity of the bond.]
[Disclaimer: The above is comment / observation and is not a recommendation to follow any particular investment strategy or to buy / not buy any particular fund or stock.]
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