Christian Jost
“During July, global markets were mainly influenced by decreasing oil prices and a stronger US dollar. While the oil price lost 15 per cent of its value within two weeks, the dollar appreciated more than 2 per cent against the euro. The US government’s announcement of a rescue plan for mortgage firms Fannie Mae and Freddie Mac somewhat revived international markets. Congress supports the plan which allows the government to buy shares of the two companies and raises the limit on government borrowing. Our global asset allocation remained unchanged; only two funds were replaced.”
AMOUNT (E) FUND
10,000 C-QUADRAT Springer European Plus
10,000 Julius Baer Absolute Return Bond Fund (total return global fixed income)
10,000 Threadneedle American Crescendo Fund Ltd
10,000 Vitruvius Japanese Equity (JPY)
7,500 Capital Invest Trend Bond
7,500 Threadneedle Asia Fund
6,000 AMEX WF Local Currency Emerging Market Income
5,000 AXA World - Global Emerging Markets Bonds
5,000 AXA World Funds Aedificandi
5,000 C-QUADRAT ARTS Best Momentum
5,000 Ringturm Euro Bond
5,000 Schroder ISF Global Inflation Linked Bond
5,000 Schroder ISF US Small & Mid Cap Equity
5,000 Threadneedle American Extended Alpha Fund
4,000 Man AHL Diversified Markets EU
