Alessandro Costa
We reduced our exposure to US equity markets by removing Wintergreen Fund and Nordea North America Value Fund. We took a bigger exposure to global equity markets adding a new fund to the portfolio, DWS Global Value Fund, and increasing the weight of M&G Global Basics Fund. Low turnover in the portfolio is a goal of our activity, especially considering the present conditions of financial markets, marked by persisting high volatility. In spite of unsatisfying results in the short term, we believe that the portfolio is built to return a good performance over the medium-long term.”
AMOUNT (E) FUND
11,500 M&G Global Basics
9,500 M&G UK Recovery
9,000 Templeton Mutual European
8,500 MFS European Eq
8,500 Nordea European Value
8,000 DWS Global Value
8,000 ING Global High Dividend
6,000 Vontobel Global Value Ex US
4,500 Pictet Emerging Mkts Eq
4,500 UOB Kinetics Paradigm
4,000 ACM Global Value
4,000 UBAM Neuberger Berman US Value
3,500 Henderson Japanese Eq
3,000 Long Term Inv Classic
2,500 Dexia Euro Bond
2,500 Janus US Strategic Value
2,500 Mellon Global Bond
