Bernard Aybran
“Our balanced portfolio keeps its bias toward equities. Markets have lost some ground in October, which has been seized initiating some holdings, in particular, a diversification away from Europe towards the US and Japan. However, the ongoing period of rate increases around the world prevents us from being too aggressive on the equity weighting of the portfolio: inflation fears may prove being a serious headwind for most markets, with the exception of Japan, where it would be seen as a return to a more healthy economy. The US holdings have been increased because of the lag.”
Amount (E) Fund
20, 000 MultiAlternatif Equilibre (fund of hedge funds)
12, 000 Victoire Oblig Internationales (Global Fixed Income)
8, 000 Franklin Mutual European Equity (Europe equity)
8, 000 Tricolore (French Equity)
7, 000 CAAM Obligations International (Sovereign Debt)
7, 000 ING Emerging Debt Hard Currency (Emerging Debt)
6, 000 Amérique Rendement (US Equity)
6, 000 Saint-Honoré Signatures + (high yield EUR)
5, 000 AXA Rosenberg Japan SC (Japan Equity)
5, 000 Centifolia (French equity)
5, 000 Oyster European Opportunities (Europe equity)
3, 000 Carmignac Euro Investissements (European Equity)
3, 000 UBAM Neuberger Berman US Eq (US Equity)
2, 500 Fortis Europe Energy (Europe energy)
2, 500 JPMF Natural Resources Resources (Commodities)
