David Bulteel
“Equity markets’ continued strength in the face of high oil prices and rising interest rates owes much to a robust corporate profits performance helped by the availability of cheap finance. Equities remain attractive relative to bonds, but less so than four months ago. A period of consolidation is possible after such a broadly based rise. Concern also remains whether a smooth rebalancing of global growth can be achieved, which allows a slowdown in US consumer spending to be compensated by faster growth elsewhere.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
15,000 Baring Global Bond
15,000 Fidelity Funds European Bond
11,000 Artemis European Growth
11,000 Fidelity European Equity
11,000 Gartmore Continental European Equity
6,000 JPMorgan European Fledgeling investment trust
5,000 Polar Capital Japan
5,000 Dexion Absolute Fund of Hedge Funds
4,000 Legg Mason Value (US equities)
4,000 Thames River Global Bond
3,000 European Asset Value (European Property)
3,000 Lazard UK Alpha
2,000 Findlay Park US Smaller Companies
2,000 UBS US Equity
1,500 Aberdeen Far East Emerging Markets
1,500 Morgan Stanley Emerging Markets
