Gary Potter and Rob Burdett
“March witnessed a sharp about-turn in equity markets. Conversely, bonds found it generally heavy going, the exception being riskier assets reflected in good returns from Thames River High Income. It was a good month for our fund selections, with stand-out returns from Nevsky Global Emerging Markets. UK equities were a drag in absolute terms, as were European equities in relative terms. Our strategy remains one of diversification by manager skill in the face of high levels of asset correlation. We believe the managers we have chosen are more flexible than the average and their returns this month generally back this up.”
AMOUNT () FUND
13,000 Thames River Global Bond EUR (global sovereign fixed)
10,000 Findlay Park US Smaller Companies (US equity)
9,000 Thames River High Income EUR (global credit)
8,000 JO Hambro Capital Management Japan (Japan equity)
7,500 Blackrock Absolute Alpha (absolute return)
7,500 Cazenove UK Absolute Target (absolute return)
7,000 Invesco Sterling Bond (sterling fixed)
6,000 Neptune US Growth (US equity)
6,000 Nevsky Global Emerging Markets Fund (GEM equity)
5,000 IVI European (pan-Euro equity)
4,000 Cazenove European (Euro ex-UK equity)
4,000 MW Japan (Japan equity)
4,000 Neptune European Growth (pan-Euro equity)
4,000 Veritas Asian Fund (Asia Pacific equity)
3,000 Rensburg UK Managers’ Focus (UK equity)
2,000 Old Mutual Dublin UK Select Smaller Cos (UK equity)
