Marjolijn Breeuwer
“No major changes. Liontrust has recently attracted significant press attention. Disappointing performance of its First Growth Fund combined with negative asset flows led to some serious concerns among investors. We usually do not engage in short-term tactical asset allocation and we maintain our suggested allocation to the Liontrust First Income Fund. Fund manager Jeremy Lang will continue to deliver good returns and with his distinctive investment style and philosophy we expect him to add value to the overall UK equity.”
Amount (E) Fund
30,000 Insinger de Beaufort Multi-Manager Zeus (hedge fund of funds)
12,800 ABN Amro Europe Bond (European bonds)
8000 AXA-Rosenberg US Equity Alpha (US large cap core)
8000 Wellington US Equity Research (US large cap core)
6600 Pimco Total Return (US fixed income)
6900 Thames River Global Bond (global fixed income – absolute return)
5200 GAM North American Growth (US all cap absolute return long only)
2500 JO Hambro Continental European (large and midcap)
1900 Odey Pan European (top-down pan-European, theme driven)
1800 Thames River European (large cap core fund with a bottom-up)
1800 Thames River Global Emerging Markets (equities)
1700 Ashmore EMLIP (Sovereign high yield)
1500 Rodina (global ex-US small/midcap. Long/short, but long biased)
1400 Cambrian (US small/ mid cap portfolio)
1300 Polar Capital Japan (equity with bias towards midcap and growth)
1200 Henderson Japanese Equity (equity all cap, with large cap bias)
1200 Aberdeen Asia Pacific (Asia ex Japan core)
1200 Invesco Perpetual High Income (UK core income)
1000 Henderson Pan European Smaller Companies
1000 Genus 15 (continental European focused long/short)
1100 Liontrust First Income (UK core income)
1000 Cazenove UK Growth & Income (UK top-down; flexible blend)
900 Legg Mason Japan Equity (Japan small cap)
