Bernard Aybran
“Although it sounds unfashionable for a fund manager to say he has not done much to reshape his portfolio, lately, this is exactly what we have been doing since the very beginning of November. Today more than ever, the trends are our friends. Europe is where the markets seem to offer the more upside potential, because it is cheaper and gives investors a better dividend yield. And we are staying pretty much biased toward our natural resources funds, which add up to 15 per cent of our portfolio.”
AMOUNT (E) FUND
20,000 MultiAlternatif Equilibre (fund of hedge funds)
9000 Europe Rendement (Europe equity )
7000 Goldman Sachs Global High Yield (high yield $)
7000 Saint Honoré Signatures + (high yield euro)
7000 Centifolia (French equity)
7000 Franklin Mutual European Equity (Europe equity)
6000 Wanger US Small Caps (US equity)
5000 JPMF Natural Resources (commodities)
5000 Nordea North American Value (US equity)
5000 GAM North American Growth (US equity)
5000 ML Global Energy (global energy)
5000 Socgen International (global equity)
4000 Fortis Europe Energy (Europe energy)
3000 Oblig Inflation (index linked bonds)
3000 Fortis Convertibles Europe
2000 ML Focused Value (US equity)
