David Bulteel
“The economic outlook and valuations suggest positive returns for equities and bonds over the next 12 months. However, the disparity between expected returns is low. The risks to a benign outcome for the economy are rising (higher interest rates) and some complacency is evident (takeover activity, narrow credit spreads). Cash yields offer more meaningful competition for investment flows and aggressive asset allocation is not advisable. The US economy should enjoy a soft landing and the global economy continues to generate healthy growth in corporate profits.”
Amount (E) Fund
15,000 Fidelity European Bond Fund
15,000 Thames River Euro Global Bond Fund
10,000 Artemis European Growth Fund
10,000 Fidelity European Equity Fund
10,000 Gartmore Continental European Equity
8,000 Schroder European Alpha Plus
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Threadneedle Euro High Yield Bond Fund
3,500 Polar Capital Japan Fund
3,000 European Asset Value Fund
3,000 Schroder UK Alpha Plus
3,000 Merrill Lynch US Flexible Equity Fund
3,000 UBS US Equity Fund
2,000 Findlay Park US Smaller Cos
1,500 Aberdeen Asia Pacific Fund
1,500 Atlantis Japan Growth Fund
1,500 JP Morgan Emerging Markets Equity Fund
