Graham Duce
“Despite another strong month for equity markets, we still believe we are now entering a difficult seasonal period for the equity markets. Short-term sentiment indicators suggest the markets are due a pause. A healthy market correction, which could be caused by any event that causes global de-risking and profit taking, could be soon approaching. With this in mind we continue to de-risk the portfolio, moving 2 per cent out of JO Hambro Continental European equity and increasing our allocation to Credit Suisse Target return fund.”
Amount (E) Fund
18,000 CS Bond Lux Target Return Euro (Total return, long only)
15,000 M&G European Leveraged Loan Fund (Senior Secured Debt diversifier)
15,000 Thames River Global Bond (Total return OECD bonds)
11,000 JO Hambro Capital Markets Continental European
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 JPM Emerging Markets Alpha Plus (Flexible total return Emerging equity)
4,000 Thames River High Income (Global Credit Flexible Total Return)
3,000 Findlay Park US Smaller Cos (fundamental value small cap)
