Bernard Aybran
“The last bit of US equity in the portfolio at the end of March has been sold during April, so that at present the equity portfolio consists of 30 per cent Europe, 10 per cent natural resources, 8 per cent Japan and 5 per cent emerging markets. This adds up to 53 per cent of the total asset. In fixed income, we switched among Crédit Agricole’s range: CAAM Dynarbitrage International is allowed to have an overall negative duration, which may prove quite useful in the type of situations the fixed income markets are in.”
Amount (E) Fund
20,000 MultiAlternatif Equilibre (fund of hedge funds)
8,000 CAAM Dynarbitrage International (Sovereign Debt)
8,000 Franklin Mutual European Equity (Europe equity)
7,000 ING Emerging Debt Hard Currency (Emerging Debt)
7,000 JPMF Natural Resources (Commodities)
7,000 Tricolore (French Equity)
7,000 Victoire Oblig Internationales (Global Fixed Income)
5,000 AXA France Opportunités (French Equity)
5,000 Centifolia (French equity)
5,000 Fidelity European Aggressive (Europe Equity)
5,000 Pictet Japan Equity Selection (Japan Equity)
5,000 Saint-Honoré Signatures + (high yield EUR)
3,000 AXA Rosenberg Japan Small Caps (Japan Equity)
3,000 ML Global Energy (global energy)
2,500 DWS Russia (Russian Equity)
2,500 First State China Growth (China Equity)
