Robert Burdett
Another peculiar month in April with risk rewarded in the emerging markets, but not in other high beta areas such as Japan small-cap and technology shares, which benefited those with a balanced portfolio. Bonds also suffered, except for target return funds where we have an allocation. Within their peer groups our selections generally performed well and no changes have been made this month to asset allocation or fund selection.”
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)
14,000 JOHCM Continental European (sector driven Equity)
13,000 Mellon UG Global Bond (Global macro bonds)
12,000 Mainfirst Avant Garde (pan-Euro growth concentrated equity)
8,000 JOHCM UK Growth (UK blend active)
5,000 Atlantis Japanese Opportunities (Japanese Garp equity small cap)
5,000 Legg Mason Strategic Value (US Large Cap Value)
5,000 Merrill Lynch Flexible US Equity (US Flexible Blend)
4,000 Baring High Yield Bond (High yield debt)
4,000 Thames River Global EM (Pragmatic emerging equity)
2,000 New Star Asian Opps (macro/stockpicking GARP/growth style)
