Alessandro Costa
“During last month we didn’t change the composition of our portfolio, keeping both sector and geographic allocation unchanged. We also made no changes to the allocation between equity funds and bond funds. The performance of the portfolio suffered last month, mainly because of the great rise of stocks in the financials sector, in which our portfolio is currently underweight because of active management choice of selected fund managers. With regard to the bond portion of the portfolio, we are keeping a conservative approach by using low tracking error funds.”
AMOUNT () FUND
9,500 M&G Global Basics
9,000 Templeton Mutual Discovery
8,500 M&G UK Recovery
8,000 MFS European Eq
8,000 Nordea European Value
8,000 Templeton Mutual European
8,000 Vontobel Global Value Ex US
6,000 UBS US Gth
5,500 Generali Euro Bond
5,500 Parvest Euro Government Bond
5,500 UBAM Neuberger Berman US Value
5,500 Vontobel US Value
5,000 ING Global High Dividend
5,000 Janus US Strategic Value
3,000 Pictet Japan Eq
