Peter Fitzgerald
“Our asset allocation continues to be 40 per cent equities, 40 per cent alternatives and 20 per cent fixed income. In November we made significant changes to the portfolio and this has had a positive impact. Of particular note is the Schroders Agriculture fund, which was returned over 10 per cent since purchase. We preferred this fund to a passive ETF for this exposure, given the negative roll yield on many ETFs. Also, the ability to get hedged exposure to this area was interesting. We also reduced UK equities significantly, which helped portfolio returns given the poor performance of sterling in particular.”
AMOUNT (E) FUND
12,500 ARS – Market Neutral
12,500 ARS – Directional Managers
10,000 ABN AMRO Europe Bond
10,000 Pimco Total Return
7,000 IdB Equity Income
5,000 AXA-Rosenberg US Equity Alpha
5,000 Advent Global Convertibles Securities Strategy
5,000 IdB Alchemy NV
5,000 IdB Real Estate Equity
5,000 Wellington US Research
4,000 First State Asia Pacific Leaders
4,000 Thames River Emerging Markets
3,500 Artemis European Growth
3,500 Odey Pan European
2,000 Invesco Perpetual High Income
2,000 Schroder Agriculture
2,000 Schroder Tokyo
2,000 SIM Global Best Ideas
