Bernard Aybran
“As these words are being written (2 March), major stock markets around the world are experiencing their hardest time since last May 2006. Again, the trigger has mainly been psychological, which does not prevent the sell-off to be rather steep. Provided our balanced portfolio is heavily invested in pretty conservative investment vehicles, it should enjoy some downside protection in tough time. The increased weight of US funds has helped. They provide a tame volatility, compared to Europe. And this is the one and only change in the portfolio: a slight decrease of the US holdings to increase Europe.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
7,500 Centifolia (French equity)
7,500 Ecofi Actions Rendement (Europe equity)
7,500 Franklin Mutual European Equity (Europe equity)
7,500 New Star European Growth (Europe equity)
7,500 Oyster Europen Opportunities (Europe equity)
7,000 CAAM Dynarbitrage International (sovereign debt)
5,000 Saint-Honoré Signatures + (high yield EUR)
5,000 Saint-Honoré Oblig Opportunités (opportunistic bonds)
5,000 Victoire Oblig Internationales (global fixed income)
5,000 Kinetics Paradigm (US equity)
5,000 ML US Focused Value (US equity)
5,000 Tricolore Rendement (French equity)
2,500 ING US High Dividend (US equity)
1,500 ING Emerging Debt Hard Currency (emerging debt)
1,500 First State China Growth (China equity)
