Alex Borer
“Expectations for a stabilisation of financial markets based on the policy response of Obama’s administration have been violently disappointed. The global economy and financial markets are on an accelerating downward path. The few active risk takers in the market have had a hard time across all asset classes. We reduced the equity allocation by 5 per cent (Europe and Japan) and kept the proceeds in cash. We continue to hold our significant credit exposure in fixed income high yield, emerging markets and convertibles. We believe that current credit spreads compensate fairly well for the risk taken.”
AMOUNT () FUND
11,000 Lyxor ETF EuroMTS 3-5Y (government bonds EUR)
10,000 LGT Bond Fund Global Inflation Linked (EUR) B (inflation linked bonds)
7,000 LGT Bond Fund Global Inflation Linked (EUR) B (inflation linked bonds)
7,000 Powershares S&P 500 Buywrite US Equity
6,000 Fidelity Funds South East Asia A USD (Asia Pacific equity)
6,000 LGT Multi Manager Bond Emerging Markets (USD) B (global emerging market bonds)
5,000 ACL Alternative Fund Euro Share Class A (hedge funds)
5,000 Cazenove Pan Europe Fund A (pan European equity)
5,000 JPM Global Convertibles EUR (global convertible bonds)
5,000 LGT Equity Fund Global Sector Trends (USD) B (global equity)
5,000 MFS Meridian European Value Fund A1 Acc (pan European equity)
5,000 Schroder Alternative Solutions (commodity)
4,000 JB Global High Yield Bond Fund EUR (global high yield bonds)
4,000 LGT Bond Fund Global EUR (global bonds)
4,000 LGT Multi Manager Equity Emerging Markets (USD) B (emerging market equity)
3,000 Clariden Leu (CH) Cat Bond Fund EUR (cat bonds)
3,000 LGT Multi Manager Equity North America (USD) B (US equity)
3,000 Nomura Topix ETF Japan Equity
2,000 iShares S&P Listed Private Equity (listed private equity)
