Julien Moutier
“The international equity markets staged something of a rally from March 10th, after sinking below their November 2008 low in the early part of the month. There was no shortage of bad news on the macroeconomic front, however, casting an even darker shadow over growth prospects for the current year. This did not prevent equities from rallying in March. Returns on our portfolio benefited from the rebound on global markets especially through our Asian exposure. Considering lower risk aversion, we implemented credit exposure on high grade via the Bluebay Funds Investment Grade.”
AMOUNT () FUND
16,000 BNP Insticash Fund EUR
13,000 FundQuest Bond Opportunities (bond total return)
11,000 Ecofi Quant Trésorerie Dynamique (enhanced cash)
11,000 Uni-global Minimum Variance Europe (defensive European equity)
10,000 Petercam Bonds Euro (core Euro bond)
7,000 Alken European Opportunities (opportunistic European equity)
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 Bluebay Funds Investment Grade
5,000 Franklin Mutual Beacon (defensive US equity)
3,000 AXA IM US High Yield Short Duration (defensive US high yield)
