Bernard Aybran
“Our balanced portfolio keeps favouring the equity market over the fixed income, and Europe over the rest of the world. The one theme still enhanced in the asset allocation is the natural resources area, with a forte on energy. Outside the sector funds, Carmignac also massively overweights energy and finds growth at a reasonable price in European countries, mid- and large-caps, regardless of country or sector weights in the benchmark. The other European stock-picker in the portfolio, Franklin, finds value in under-researched stocks.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
10,000 Fortis Convertibles Europe (convertible bonds)
7,000 CAAM Obligations International (Sovereign Debt)
7,000 Saint-Honoré Signatures + (high yield EUR)
7,000 Franklin Mutual European Equity (Europe equity)
7,000 Amérique Rendement (US Equity)
7,000 Carmignac Euro Investissements (European Equity)
6,000 Victoire Oblig Internationales (Global Fixed Income)
5,000 Centifolia(French equity)
5,000 ML Global Energy (global energy)
5,000 Socgen International (global equity)
4,000 Fortis Europe Energy (Europe energy)
4,000 Tricolore (French Equity)
3,000 JPMF Natural Resources Resources (Commodities)
3,000 ML World Mining (global mining)
