Alessandro Costa
“In May we made a single change in our portfolio: we sold GLG Capital Appreciation fund and substituted it with Alliance Bernstein Global Value fund. There hasn’t been a change in the asset allocation of the portfolio, as our long-term view on markets growth hasn’t changed. Actually, the substitution in the portfolio derives solely from fund picking. We are still monitoring the market, looking for new funds that could be inserted in our portfolio, especially from smaller and more specialised fund houses.”
Amount (E) Fund
6,500 M&G Global Basics
6,000 ING Global High Dividend
6,000 Protea Wintergreen
6,000 Vontobel Global Value
4,500 CA Arbitrage VaR4
4,000 ACM Global Value
4,000 DWS Alpha Rent
4,000 Invesco Global Bond
4,000 Mellon Global Bond
4,000 Templeton European TR Debt
3,500 Legg Mason Global Value
3,500 Nordea North American Value
3,500 UBAM Neuberger Berman US Value
3,500 UOB Kinetics Paradigm
3,000 Pictet Emerging Mkts Eq
2,500 Henderson Japanese Eq
