Julien Moutier
“The international equity markets continued their rally in April, buoyed by good earnings news, especially from banks, and by firmer than expected macroeconomic indicators. The MSCI AC World index rose by 11.5 per cent, while emerging markets (MSCI Emerging index) rose by by 16.3 per cent. Cyclicals and financials recorded the best performances. Returns on our portfolio benefited again from the rebound on global markets. Considering turning points on leading indicators we decided to implement a more aggressive stance, by increasing our holding on Alken European Opportunities and trimming part of our Uniglobal Minimum Variance Europe’s stake.”
AMOUNT () FUND
13,000 BNP Insticash Fund EUR
13,000 FundQuest Bond Opportunities (bond total return)
11,000 Ecofi Quant Trésorerie Dynamique (enhanced cash)
10,000 Petercam Bonds Euro (core Euro bond)
9,000 Uni-global Minimum Variance Europe (defensive European equity)
9,000 Alken European Opportunities (opportunistic European equity)
8,000 Bluebay Funds Investment Grade
7,000 Threadneedle Asia Growth Fund (core Asian equity)
6,000 BNP Paribas Convertible Europe (European convertible)
6,000 Raiffeisen 313 Trend Follower Bonds (Euro flexible bond)
5,000 Franklin Mutual Beacon (defensive US equity)
3,000 AXA IM US High Yield Short Duration (defensive US high yield)
