David Bulteel
“In spite of Hurricane Katrina, most equity markets have started September in good heart. Most bond markets, not surprisingly, have done the opposite. The summer rally reflected reasonable valuations and encouraging corporate earnings. Economic growth appeared to have weathered higher oil prices and picked up some momentum. The renewed rise in oil prices may dilute hopes of better growth, but might persuade the Federal Reserve to delay further tightening.”
Amount (E) Fund
16,575 Gartmore CSF Continental Europe (large cap)
14,500 Fidelity Funds European Bond Fund
12,500 Gartmore CSF European Bond
11,675 Investec GSF Continental European Equity
11,650 Henderson Horizon Continental European Equity
10,000 Baring European Bond Fund
5375 Credit Suisse USA Equity
5375 GAM Star American Focus (equity)
3200 Lazard UK Equity
2650 Mellon Newton Asian Equity Portfolio
2500 Findlay Park US Smaller Companies
2000 Martin Currie Japan Fund (equity)
2000 Cash
