Michael Richter
“As stock markets in general, and especially emerging market equities, have showed a very strong performance in recent months, we reduced our exposure to equities by slightly scaling down the Magna Global Emerging Markets fund and took profits by selling the whole Magna Eastern European fund. We increased our stake in hedge funds by adding the First State Global Resources Long/Short Equity Fund and adding a further bond fund, which invests in European investment grade bonds.”
Amount (E) Fund
10,000 Meinl European Land (Real estate Eastern Europe)
8,000 M&G Global Leaders (Equity global)
8,000 Dexia Inflation Linked Bond Fund
7,000 American Express Epic Global Emerging Market Short Term Bond Fund -hedged
7,000 BondPortfolio Preferred Securities
6,000 Magna Global Emerging Markets Equity
6,000 Fidelity European Growth
6,000 Spaengler Cash Trust
5,000 Henderson HF Global Property Fund
5,000 American Express European Small & Mid Cap
4,000 Henderson Pan European Equity Multi Strategy Fund (renamed from Henderson European Equity Market Neutral Fund)
4,000 Dexia Credit Arbitrage
4,000 Janus Risk Managed Core Fund (US equity)
4,000 AXA Rosenberg Japan Equity Alpha
4,000 Pioneer US Mid Cap Value EUR
4,000 American Express Epic Global High Yield Euro
4,000 First State Global Resources Long/Short Equity Fund
4,000 DIT Europazins (Austria) (European investment grade bonds)
