Julien Moutier
“Over the last month, our balanced portfolio has benefited from several bets such as European equities and corporate/emerging high yield. We have further noticed a strong momentum of the total return strategy managed by Crédit Agricole, CAAM Dynarbitrage VaR 20, which benefits from good shape of the US dollar versus the Canadian one. We maintain our under-sensitive strategy on governmental fixed income, which has protected the fund from a strong correction on bonds since the beginning of December. This bet has been recently confirmed by the last US growth figures for the fourth quarter and the FOMC Rate decision to keep them unchanged.”
Amount (E) Fund
16,000 BNP Paribas Sélection Obligations (bond total return)
15,000 Alternatime 300 (total return)
15,000 CAAM Dynarbitrage Var 20 (total return)
9,000 PAM Bonds Higher Yield (emerging and high yield bonds)
8,000 Cyril Convertible Taux (convertible bond)
7,000 Morgan Stanley Japanese Equity Value (Japanese value equity)
6,000 Fidelity South East Asia (Asian growth equity)
6,000 AXA Or et Matières Premières (commodities equity)
5,000 Carmignac Investissement (flexible global equity)
5,000 State Street Actions Euroland
4,000 Convertible Fund - Convertible International (convertible bond)
4,000 Parvest Europe Value (European value equity)
