Robert Burdett
“In euro terms all major markets made positive grounds in December for the second month running. It was a great month for our fund selections in general, lead by Legg Mason whose stunning charge during that month quadrupled the return of the average US fund. The few disappointments came in the bond sector where Baring High Yield Bond brought up the rear. Into 2005, our equity overweight is moderate.”
Amount (E) Fund
15,000 Thames River Global Bond (total return OECD bonds)
14,000 Schroder ISF European Alpha(pan European GARP)
14,000 Jo Hambro Capital Management Continental European (European Blend sector driven equity)
13,000 Mellon UG Global Bond (global macro bonds)
13,000 Credit Suisse Bond Lux Target Return Euro (total return, long only)
8000 Baring High Yield Bond (high yield debt)
5000 JO Hambro Capital Management UK Growth
5000 Atlantis Japanese Opportunities (Japanese Garp equity small cap)
4000 Thames River Global Emerging Markets (pragmatic emerging equity)
4000 BDT Invest Asia (equity)
3000 Franklin Mutual Beacon (mixed asset/approach, total return)
2000 Legg Mason Strategic Value (US large cap value)
