Julien Moutier
“In the past month our secure investments protected the portfolio during the collapse in equity markets: Pam Bonds Euro returned +2.42 per cent ytd (as at 31 January) and Centrale Long Vol +0.91 per cent. They benefited from the flight to quality and the rebound in volatility. But our balanced portfolio suffered from its equity exposure. European and Asian equities contributed negatively because of the downturn in these markets. So we cut our position on Fidelity South East Asia and replaced it with the Threadneedle Asia Growth Fund, which is supposed to be more resilient in falling markets.”
AMOUNT (E) FUND
17,000 FundQuest Bond Opportunities (bond total return)
16,000 Alternatime 300 (total return)
16,000 PAM Bonds Euro (core euro bond)
12,000 BNP Paribas Convertible Europe (European convertible)
9,000 Uni-global Minimum Variance Europe (defensive European equity)
7,000 Carnegie Fund European Equity (opportunistic European equity)
6,000 Ecofi Quant Trésorerie Dynamique (enhanced cash)
6,000 Centrale Long Vol (volatility trading)
6,000 Raiffeisen 313 Trend Follower Bonds (euro flexible bond)
5,000 Threadneedle Asia Growth Fund (core Asian equity)
