Michael Richter
“The last few weeks were very tough for the markets due to sharply rising oil prices and a change in the US Federal Reserve’s tone on interest rates. The effects were felt acutely in emerging market equities and in the entire bonds sector. Recent dramatic market corrections are in our view only temporary, as is the latest advance of the dollar against the euro. Therefore we remain confident with our current portfolio and do not see any need to make changes
Amount (E) Fund
12,000 American Express Epic Emerging Market Liquidity
10,000 Meinl European Land (Real estate Eastern Europe)
8000 M&G Global Leaders (equity global)
8000 Dexia Inflation Linked Bond Fund
8000 Fidelity European Growth
8000 Magna Emerging Markets Equity
7000 Invesco GT Global Corporate Bond Fund (investment grade)
6000 Invesco Extra Income (global corporate bonds, focus BB rating)
6000 Magna Eastern Europe Fund (equity Eastern Europe)
5000 American Express European Small & Mid Cap
5000 Nordea I North America Value
5000 Aberdeen Sovereign High Yield Bond (emerging markets bonds)
4000 AXA Rosenberg Japan Equity
4000 Pioneer Us Mid Cap Value EUR
4000 American Express Epic Global High Yield Euro
