David Bulteel
“During August the strength of the US dollar had a major impact on portfolio performance with Blackrock US flexible and Findlay Park US Smaller Companies racing ahead in absolute terms. Two of the laggards are familiar ones in recent times: Artemis European and Atlantis Japan.The former has a quant driven investment process and it does tend to underperform at inflection points for the markets. Nevertheless it probably deserves greater attention given the scale of its lacklustre period. The latter is more of a niche play but overall Japan looks to be one of the contrarian plays at present.”
AMOUNT (E) FUND
15,000 Thames River Euro Global Bond Fund
10,000 Artemis European Growth Fund
10,000 Fidelity European Equity Fund
10,000 Gartmore Continental European Equity
8,000 Schroder European Alpha Plus
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Threadneedle Euro High Yield Bond Fund
3,500 Polar Capital Japan Fund
3,000 European Asset Value Fund
3,000 Merrill Lynch US Flexible Equity Fund
3,000 Schroder UK Alpha Plus
3,000 UBS US Equity Fund
2,000 Findlay Park US Smaller Cos
1,500 Atlantis Japan Growth Fund
1,500 JP Morgan Emerging Markets Equity Fund
1,500 Threadneedle Asia Fund
