Robert Burdett

“The move into Close Finsbury Japanese last month was rewarded with the portfolio’s best July return of over 13 per cent. Emerging markets did well, with Thames River delivering a top decile return in its sector. Our equity selection had a good month, with seven out of eight outperforming. In bonds, high yield did best, with Barings and Investec adding most value. Quality Euro bonds lost a fraction, but we sold our direct allocation to this area last month.”

Amount (E) Fund

14,000 Baring High Yield Bond (high yield debt)

13,000 Investec Select Global Bond (blend quality corporate)

10,000 CS Bond Lux Target Return Euro (total return, long only)

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

10,000 Merrill Lynch EuroMarkets (fund’l quality pan-European equity)

10,000 Schroder ISF European Alpha (European ex-UK GARP conc. eq.)

7000 JO Hambro Capital Markets UK Growth (UK blend active)

6000 Close Finsbury Japanese (Japanese Garp equity)

6000 Legg Mason Strategic Value (US large cap value)

5000 BDT Invest Asia (Asia equity absolute style)

4000 Thames River Global Emerging Markets (pragmatic emer. eq.)

3000 Nordea American Value (US eq. mid & small cap value total ret)

2000 GAM Star America Focus (US large cap blend)