Robert Burdett

“The equity element of the portfolio continues to have a high proportion of boutiques with very flexible mandates and we are keen to retain this as we are experiencing wildly differing views from managers on future market returns. Within our bond portfolio we continue to invest in four different products, because we expect a volatile year where returns will be best sourced from a wide range of assets.”

Amount (E) - Fund

13,000 - Credit Suisse Bond Lux Target Return Euro (total return, long only)

13,000 - Jo Hambro Capital Markets Continental European (European Blend sector driven equity)

13,000 - Thames River Global Bond (total return OECD bonds)

10,000 - Mellon UG Global Bond (global macro bonds)

12,000 - Schroder ISF European Alpha (pan-European GARP)

9000 - Baring High Yield Bond (high yield debt)

7000 - JO Hambro Capital Markets UK Growth

6000 - Atlantis Japanese Opportunities (Japanese Garp equity small cap)

5000 - BDT Invest Asia (equity)

4000 - Thames River Global Emerging Markets (emerging equity)

3000 - Legg Mason Strategic Value (US large cap value)

3000 - Nordea American Value (US equity mid and small cap value)

2000 - GAM Star America Focus (us large cap blend)