Pierre Bonart
“As opposed to the previous review where made changes were made to the portfolio, this month everything stays the same. Our allocation to equities – which is overweight in Europe and Asia and underweight in the US – has brought positive results. We have a more cautious bias towards smaller companies as their risk reward appears less attractive than for larger companies. Fund selection, which is only based on very actively managed funds, has behaved well in general and has also contributed positively to performance.”
Amount (E) Fund
20,000 Louvre Multi Select Global Bond Fund
14,000 Legg Mason America Value
10,000 Comgest Asia
9000 WP Select Growth – GP Stewart (US conservative growth)
8500 T Multivalor
7500 Croissance Euro Actions (Euro growth equities)
5000 Agressor – La Financiere de l’Echiquier (small cap value)
5000 Axa World Talents
5000 OPA Monde
5000 MLIIF World Mining Fund
5000 Credit Suisse Asset Management Convertible Bond Europe
3000 Louvre Multi Select Emerging Equity
3000 Wanger AM New America Small caps
