Graham Duce
“Last month we suggested 2007’s volatility would return in 2008 but few foresaw the savageness of January’s global sell-off. The Federal Reserve’s aggressive action compared with that of the European Central Bank gives us confidence to increase our US weighting relative to Europe. In the current climate, we favour growth in the US and have sold ML Flexible US Equity, replacing it with Martin Currie North American Alpha. This portfolio represents the manager best ideas and is biased towards large-cap growth.”
AMOUNT (E) FUND
8,000 Resolution Cartesian UK Equity 130/30 Fund
10,000 Mainfirst Avant Garde (pan-European growth concentrated equity)
8,000 JO Hambro Capital Markets Continental European (Continental European blend sector-driven equity
5,000 Findlay Park US Smaller Cos (fundamental value small-cap)
10,000 Martin Currie North America Alpha
7,000 JPM Emerging Markets Alpha Plus (flexible total return emerging equity)
4,000 JPMF Tokyo Alpha Plus (pragmatic flexible trading)
4,000 Thames River High Income (global credit flexible total return)
15,000 CS Bond Lux Target Return Euro (total return, long only)
14,000 Thames River Global Bond (total return, OECD bonds)
15000 M&G European Leveraged Loan Fund (senior secured debt diversifier)
