Graham Duce
“Further M&A activity in equity markets has fuelled the recovery since the brief blip in late February. In view of the pace of the recovery in equities and an increase in appetite for risk, we are now of the opinion that the markets are due a breather. With this in mind we have reduced the funds equity exposure by removing the Aberdeen Asia Pacific fund. While this fund has a strong bias to quality and value we feel that any market correction caused by a global de-risking will affect the Asia markets.”
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)
15,000 M&G European Leveraged Loan Fund (Senior Secured Debt diversifier)
13,000 JO Hambro Capital Markets Continental European (Continental European blend sector-driven Equity)
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)
