Bernard Aybran

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From Fund Selection 01 June 2009

By PWM Editor

“With the upswing that major markets enjoyed beginning on 9 March, fund managers rankings have been totally turned upside down, with the more conservative dramatically lagging the market and losing most (if not more than all) their advance. In this context, we went on reshaping our balanced portfolio, keeping it quite concentrated but with a bigger stance on growth stocks, themes and areas. From a regional point of view, Japan has been removed as it suited much more the pre-upturn context; Asia ex Japan has replaced it, with a thematic fund designed to take part in the regional stimulus plans.”

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Bernard Aybran

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