{"type":"document","data":{"contentType":"onecms:editorialPage","flexPageMetadata":{"afmBanner":false,"description":"What changes have occurred in the Income strategy?","robotInstruction":{"noFollow":false,"noIndex":false},"taxonomies":{"productTaxonomy":{"taxonomyKeys":["investments-news","ing-monthly-report-nl0014157687"],"taxonomyType":"productTaxonomyContainer"}}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p>We have reduced the equity weighting back towards neutral, as it had risen significantly due to market gains. We trimmed positions in emerging market funds and a number of other funds and stocks.</p><p>We used the proceeds to slightly reduce our underweight position in fixed income, by purchasing a mix of emerging market bonds, high yield bonds and government bonds.</p>"}},{"componentType":"sectionTitle","title":"We have implemented these changes"},{"componentType":"paragraph","richBody":{"value":"<p><strong>Sold positions:</strong></p><p>-</p><p><strong>Reduced positions:</strong></p><p>Eaton, Kraft Heinz, Danone, Coca-Cola, Target, Reckitt Benckiser, Henkel, Holcim, UPS, Bouygues, Siemens, Novartis, HSBC Asia Pacific Fund, Northern Trust Real Estate Fund, iShares US Energy ETF</p><p><strong>Increased positions:</strong></p><p>Ubam High Yield Fund, Amundi EMD Local Currency Fund, SPDR EU Utilities ETF, German KfW government‑guaranteed bond maturing in 2032</p><p><strong>New positions:</strong></p><p>-</p>"}},{"componentType":"linkList","iconTitle":{"title":"Read more"},"textLinks":[{"text":"All portfolio updates","url":"/en/personal/investing/market-news-and-views/overview-portfolio-updates"},{"text":"Market news and views","url":"/en/personal/investing/market-news-and-views"}]},{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"<p>Investing involves risks and costs. The value of your investment may fluctuate. Past performance is no guarantee of future results. <a href=\"http://www.ing.nl/en/personal/investing/investments-at-ing/risks-of-investing\">Read more about the risks of investing.</a></p><p>This publication has been prepared on behalf of ING Bank N.V. and is intended for information purposes only. ING Bank N.V. obtains its information from sources deemed reliable and has taken the utmost care to ensure that the information on which it based its views in this publication was not incorrect or misleading at the time of publication. ING Bank N.V. does not guarantee that the information it uses is accurate or complete. The information contained in this publication may be changed without any form of announcement. Copyright and data file protection rights apply to this publication. Data from this publication may be reproduced provided that the source is stated. ING Bank N.V. has its registered office in Amsterdam, commercial register no. 33031431, and is regulated by the Dutch central bank De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). ING Bank N.V. is part of ING Groep N.V.</p>"}}]},"hasMacro":false,"id":"31eaa13d-711e-437e-8347-db90f6bdd799","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Market news and views","url":"/en/personal/investing/market-news-and-views"}},"componentType":"editorialHeader","coreHeader":{"body":"In the Portfolio update Income strategy, within the Conservative investment profile, we have implemented a few changes for you.","title":"Portfolio update Income strategy"},"date":"2026-05-20","readingTime":2},"publishDate":"2026-05-20T15:41:37.889+02:00"}}