Claudio Barberis
“In October we kept our defensive asset allocation. Markets have been extremely volatile and our allocation to government bonds has helped overall performance. We sold our convertible bonds exposure and increased bond allocation through the BlackRock Euro Bond fund. We are still not positioned for a strong market rebound, since we think that current weak real economic activity in US and Europe will cap equity markets.”
AMOUNT (E) FUND
10,000 AXA WF Euro Bond 7-10
8,000 Allianz RCM Systematic Equity
8,000 JB Absolute Return Bond
6,000 Allianz RCM Europe Equity Growth
5,000 BlackRock Euro Bond - EUR
5,000 BlackRock Euro Markets
5,000 GLG Performance Fund
5,000 ING EUROPE HIGH DIVIDEND
5,000 MLIIF W.GOLD$
5,000 Morgan Stanley Global Brands
5,000 Parvest Abs Return Bond
5,000 UBS EURO CORP
5,000 Vitruvius European Equity
5,000 Vitruvius Japanese Equity
4,000 AMEX World Energy
4,000 Deka Xtension CF EUR
4,000 GLG European Equity
4,000 M&G Global Leaders
2,000 HSBC Asia Freestyle
