Julien Moutier
“The market slide levelled out somewhat in December, which allowed volatility to ease from the extreme levels reached in October and November. As a result, returns on our portfolio were slightly negative, as we were penalised by the correction on European equity markets. Fortunately Asian Equities, and particularly Euro fixed income investments, supported our performance. Uniglobal Minimum Variance and Franklin Mutual Beacon were, once again, particularly resilient to falling markets. We increased our position on European and Asian equities, which should benefit if the market bounces back.” These purchases were financed by sales of Ecofi Quant Trésorerie Dynamique which aims to outperform the cash index.”
AMOUNT (€) FUND
17,000 FundQuest Bond Opportunities (bond total return)
16,000 BNP Insticash Fund EUR
16,000 PAM Bonds Euro (core Euro bond)
11,000 Uni-global Minimum Variance Europe (defensive European equity)
7,000 Carnegie Fund European Equity (opportunistic European equity)
7,000 Threadneedle Asia Growth Fund (core Asian equity)
6,000 BNP Paribas Convertible Europe (European convertible)
6,000 Ecofi Quant Trésorerie Dynamique (enhanced cash)
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)
