Are Easyvest's portfolios really 100% ETFs?

Yes. Easyvest portfolios are invested exclusively in ETFs (index trackers), which replicate the performance of stock market indices.

Depending on the risk profile, our portfolios combine global equity ETFs, which aim for long-term growth, and European government bond ETFs, which provide greater stability.

In practice, we also maintain a small cash reserve, typically between 1% and 2% of the portfolio. This reserve is used, in particular, to cover management fees and helps minimize trading activity and the associated taxes.

This approach is consistent with the principles of modern portfolio theory, developed by Harry Markowitz: broadly diversifying investments and seeking the optimal balance between expected return and risk, rather than attempting to select securities that will outperform the market.