Pierre Bonart
“There were no major changes over the month, as we believe our recommended portfolio allocation remains well-suited to market conditions. Our 60 per cent equity positioning reflects our positive stance on equities. Ten per cent of our equity exposure is invested in mining and energy stocks, for diversification and return enhancements. We have also benefited from low exposure to fixed income products and increased exposure to convertible bonds.”
Amount (E) Fund
30,000 L Multi Hedge
7,000 Henderson Horizon Japan
5,000 AXA World Talents
5,000 Comgest Asia
5,000 Croissance Euro Actions (Euro Growth Equities)
5,000 L Convertibles
5,000 Legg Mason America Value
5,000 Louvre Multi Select Emerging Equity
5,000 Louvre Multi Select Global Bond
5,000 MLIIF World Energy
5,000 MLIIF World Mining
5,000 OPA Monde
5,000 Pioneer Top European Players
5,000 WP Select Growth (US Conservative Growth)
3,000 Wanger AM New America Small Caps
