Alessandro Costa
“During the last month we made some changes to our portfolio. We replaced the Dexia Euro Bond fund with the Parvest Euro Government Bond fund and the Henderson Japanese Equities fund with the Pictet Japan Index fund. Given the bad financial markets conditions, which resulted in very high volatility and poor performances of active managers, we chose to reduce the tracking error of the portfolio by adding an indexed fund (for the Japanese market) and a pure government bond fund (in Euro zone) instead of an aggregate corporate/govies fund.”
AMOUNT (E) FUND
10,500 M&G Global Basics (global equity)
9,500 M&G UK Recovery (UK equity)
9,500 Templeton Mutual European (Europe equity)
8,500 ING Global High Dividend (global equity)
8,000 DWS Global Value (global equity)
8,000 MFS European Eq (Europe equity)
8,000 Nordea European Value (Europe equity)
6,000 Vontobel Global Value Ex US (global ex US equity)
4,500 Pictet Japan Eq (Japan equity)
4,000 ACM Global Value (global equity)
4,000 Gartmore Emerging Mkts Eq (emerging markets equity)
4,000 UBAM Neuberger Berman US Value (US equity)
4,000 UOB Kinetics Paradigm (US equity)
3,500 Mellon Global Bond (global bond)
3,000 Janus US Strategic Value (US equity)
3,000 Parvest Euro Government Bond (Euro bond)
2,000 Long Term Inv Classic (global equity)
