Pierre Bonart

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From Fund Selection 01 November 2004

By PWM Editor

Pierre Bonart, head of multi-management, Louvre Gestion Based in: Paris, France

“Our main scenario remains unchanged. We’re still in a transition market where trends on equities only take place in specific market segments. We sold our exposure to mining in March for energy, because of fears about the growth potential of China. These fears, which have triggered a major decline in the mining sector in April, have been exaggerated. We therefore reintroduce this fund in our allocation because of its growth prospects, but remain careful on valuations.”

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