Michael Richter
“Recent weeks were dominated by high volatility on equity, bond and currency markets. As a result we replaced the DWS Vermoegens-bildungsfonds I with the more convincing M&G Global Leaders fund, which we expect to further outperform the MSCI World Index as well as the DWS fund. We reduced the Fidelity European Growth fund in favour of the American Express European Small & Mid Cap fund.”
Amount (E) Fund
10,000 M&G Global Leaders (global equity)
8000 American Express Epic Global High Yield Euro
8000 JPM Fleming International Bond
8000 Meinl European Land (real estate Eastern Europe)
8000 American Express Epic Emerging Market Liquidity
7000 Invesco GT Global Corporate Bond Fund (corporate bonds)
7000 Newton Japan Equity
7000 Oyster FFP Emerging Markets
6000 Fidelity European Growth
6000 Invesco Extra Income (Global corporate bonds, focus BB rating)
6000 Griffin Eastern European (equity Eastern Europe)
5000 Nordea I North America Value
5000 American Express European Small & Mid Cap
5000 Aberdeen Sovereign High Yield Bond (emerging markets)
4000 Merril Lynch US Small Cap Value
