Robert Burdett
“A good month for our stance, with equities continuing their recovery. Bonds also made some progress as expectations of an economic slowdown in 2007, led by the US, gathered pace, easing the pressure on further rises in interest rates around the world. A number of the selections performed particularly well. The star of the selections was, however, the Thames River Global Emerging Markets fund which rose over 5 per cent during the month. We remain happy with a mild equity overweight but are watching our regional exposures carefully in the final quarter.”
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)
13,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven Equity)
13,000 Mellon UG Global Bond (Global macro bonds)
10,000 Mainfirst Avant Garde (Pan-European Growth concentrated equity)
8,000 JO Hambro Capital Markets UK Growth (UK blend active)
7,000 Merrill Lynch Flexible US Equity (US Flexible Blend)
5,000 JPMF Tokyo Alpha Plus (pragmatic flexible trading)
4,000 Thames River Global Emerging Markets (Pragmatic emerging equity)
4,000 Thames River High Income (Global Credit Flexible Total Return)
3,000 Findlay Park US Smaller Cos (fundamental value small cap)
2,000 Aberdeen Asia Pacific (fundamental quality multi-cap)
