Claudio Barberis
“Markets continue to be very weak. The financial crisis is worsening following Fannie and Freddie Mac bailouts and Lehman bankruptcy. Last inflation numbers both in the US and Europe show a peak in the inflation rates in July. We kept our pretty conservative portfolio, substituting Amex Gemar emerging markets absolute return bond fund with a bigger exposure to European bonds (through the Axa WF). We also added BlackRock Euro Markets fund because of its good track record.”
AMOUNT (E) FUND
10,000 AXA WF Euro Bond 7-10
8,000 Allianz RCM Systematic Equity
8,000 JB Absolute Return Bond
6,000 Allianz RCM Europe Equity Growth
5,000 BlackRock Euro Markets
5,000 Parvest Abs Return Bond
5,000 UBS EURO CORP
5,000 Morgan Stanley Global Brands
5,000 MLIIF W.GOLD$
5,000 GLG Performance Fund
5,000 Vitruvius European Equity
5,000 ING EUROPE HIGH DIVIDEND
5,000 Vitruvius Japanese Eq.
5,000 GLG GL CONV N
4,000 Deka Xtension CF EUR
4,000 GLG European Equity
4,000 M&G Global Leaders
4,000 AMEX World Energy
2,000 HSBC Asia Freestyle
