Robert Burdett
“October finally saw the bull run pause, with sharp falls in most markets in euro terms. Our Japanese selection bucked the trend with its domestic small cap focus benefiting from improving Japanese economic data. We are of the belief that the bullish camp will be right but not without some moments of nervousness. Consequently, we choose to remain fully invested. One asset allocation change this month is to increase emerging markets out of bonds.”
Amount (E) Fund
16,000 CS Bond Lux Target Return Euro (Total return, long only)
15,000 Thames River Global Bond (Total return OECD bonds)
14,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven Equity)
13,000 Mellon UG Global Bond (Global macro bonds)
12,000 Mainfirst Avant Garde (Pan-European Growth concentrated equity)
8,000 JO Hambro Capital Markets UK Growth (UK blend active)
8,000 Legg Mason Strategic Value (US Large Cap Value)
5,000 Atlantis Japanese Opportunities(Japanese Garp equity small cap)
4,000 Baring High Yield Bond (High yield debt)
4,000 Thames River Global Emerging Markets (Pragmatic emerging equity)
2,000 Franklin Mutual Beacon (US mixed asset total return)
2,000 New Star Asian Opportunities (Macro/stockpicking GARP/Growth style)
