Robert Burdett
“Markets were back in positive territory in July, with some signs of possible new leadership in markets. We are making changes. In the US, we think large cap will continue to power ahead, and we increase the pragmatic Merrill Lynch fund weighting, offsetting it with a small new position in Findlay Park US Smaller Companies. In Asia we move to a more fundamental approach. Within the bond element we had a good month, but have taken the opportunity to switch Baring high Yield for the less aggressive Thames River High Income fund.”
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)
