Robert Burdett
“March was a strange month, with good returns from US small caps and Japanese large caps, and poor returns from US large caps and Japanese small caps. Currency played its part, and overall things were quite tricky for investors looking for direction. However, the month ended well for equities, although bonds fared poorly, with funds like Credit Suisse Target Return performing best due to its total return aspect. No changes to the fund selections or asset allocations this month.”
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)
