Partial sale at our $SB1 (-3.19%) position.

The main reason was tax reasons, after FIFO we realized a loss here and a corresponding loss carry forward. We can let the profits continue to run.

The share could become more volatile in the coming weeks due to the EU decision on PfoF and the launch of SMARTBROKER+.

We use the opportunity to take advantage of tax benefits, to reduce the weighting somewhat in the turbulent times and to have more flexibility.