David Bulteel
“Equities rallied further from their early summer blues, reaching five-year highs in several cases. There was brief concern that the US economy was losing momentum too quickly – retail sales, industrial production and various leading indicators were weaker than expected. However, company results and, more importantly, outlook statements continued to please and provide support. Bond markets were little changed over the month. We have made one switch in the portfolio, from Lazard UK Alpha into Schroder UK Alpha Plus.”
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
