Pierre Bonart

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From Fund Selection 01 October 2004

By PWM Editor

Pierre Bonart, head of multi-management, Louvre Gestion
Based in: Paris, France
“Corporate spreads are tight. However, good corporate fundamentals should continue to favour corporate bonds versus treasuries. Our scenario of the main equity indices evolving within a tight trading range has been validated. This market may last and one should therefore be careful in investing on a trend which in our view may only occur in the fourth quarter of this year. However, according to valuation levels, equity markets have a real, although modest, appreciation potential until year-end.”

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