Bernard Aybran
“With the upswing that major markets enjoyed beginning on 9 March, fund managers rankings have been totally turned upside down, with the more conservative dramatically lagging the market and losing most (if not more than all) their advance. In this context, we went on reshaping our balanced portfolio, keeping it quite concentrated but with a bigger stance on growth stocks, themes and areas. From a regional point of view, Japan has been removed as it suited much more the pre-upturn context; Asia ex Japan has replaced it, with a thematic fund designed to take part in the regional stimulus plans.”
AMOUNT () FUND
20,000 GS Euro Government Liquid Reserve (money market)
10,000 L Select - US Select Growth (US equity)
10,000 Powershare EMTS Cash 3 Months (money market)
7,500 Blackrock World Energy (energy global)
7,500 Ishares € Government Bond 1-3 (fixed income sovereign)
7,500 Lyxor Euro MTS 7-10 (fixed income sovereign)
7,500 Magellan (emerging equity)
5,000 Centifolia (French equity)
5,000 Invesco Asian Infrastructure (Asian equity)
5,000 Invesco Global Absolute Return (GTAA)
5,000 Invesco Pan-European Structured (Europe equity)
5,000 Muzinich America Yield (high yield)
5,000 Skandia US Large Caps Value (US equity)
