Steffan Selbach
“During November, we only made two changes to our portfolio. First, we made a partial hedge in the US-Equity fund. We hedged 25 per cent US-Dollar in Euro. In our second transaction, we sold the BlackRock Euro Markets and bought the Franklin Mutual European fund because of the more defensive character of this fund.”
AMOUNT (E) FUND
20,000 Deka-GeldmarktPlan TF (money market)
20,000 Deka-Institutionell Geldmarkt Garant TF (A) (money market)
7,700 Allianz-dit Rentenfonds - A EUR (Eurobond debt, medium term)
7,700 Swisscanto (LU) Bond Invest EUR A (Eurobond debt, medium term)
7,000 Allianz RCM US Equity A EUR (US equity)
6,800 Franklin Mutual European Fund Class A (acc) (European equity)
4,850 Deka-ConvergenceRenten CF (European convergence bonds)
4,250 Cominvest Fund Euro Corporate Bond (investment grade corporate bonds)
3,500 PF(LUX)-US Equity Selection hedged (US equity)
3,500 PF(LUX)-US Equity Selection-P Cap (US equity)
3,250 Threadneedle European High Yield Bond (high yield corporate bonds)
2,600 Comgest Growth PLC Emerg.Mkts (global emerging market equity)
2,500 Deka-PrivateEquity (listed private equity)
2,300 DWS Aktien Strategie Deutschland (German equity)
2,250 Deka-Global ConvergenceRenten CF (global emerging market equity)
1,800 JPMorgan Japan Select Equity (Japan equity)
