We continue to favour long-dated European government bonds and hold inflation-linked bonds and callable bonds, which should continue to benefit from range-bound yields on government bonds.

• 我们继续看好欧洲长期政府债券。在政府债券维持窄幅徘徊的情况下，我们仍持有应可因而受惠的与通胀联系债券及可赎回债券。