Gary Potter and Rob Burdett
January’s losses extended into what turned out to be a difficult February for markets. Despite our defensive strategy, a lower equity exposure would have been desirable. This was especially the case as bonds lost money with the exception of the Thames River Global Bond fund. Our absolute selections also found the going tougher than normal. However when the fund selections are examined within their peer groups, it was an excellent month for relative performance within our strategy, and it is this that will stand us in good stead over the medium term we believe. No changes are made to the portfolio this month.”
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)
