Christian Jost
“In reaction to the dramatic rise in volatility in equity and fixed income markets, we have reduced market risk considerably in both fields. Equities are now at 32 per cent, bonds at 36 per cent. We have built up 22 per cent cash in order to be able to act when markets find their bottom. Once we see that, we will make use of any opportunities that arise and reinvest our liquidity. European Reits were eliminated altogether. We took our profits there. We have made some style changes in the bond portion, reducing overall maturity and credit risk.”
Amount (E) Fund
22,000 Cash
12,000 Anglo Irish Active Income
12,000 Europportunity Bond Fund
12,000 Julius Baer Absolute Return Bond Fund
7,000 Invesco Japanese Equity
6,000 Schroder ISF US Small & Mid Cap Equity
5,000 Invesco Absolute Return Fund
5,000 JP Morgan Emerging Markets Equity Fund
5,000 JP Morgan Europe Strategic Growth
5,000 Main First Avantgarde Stock Fund
5,000 Patrimoine CA-AM VAR8 EUR
4,000 Merrill Lynch IIF US Flexible Equity Fund
