Christian Jost
“During the month of October, we did not carry out changes to our portfolio. This is attributed to three economic developments. First, the FED’s second interest rate cut in two months drove the euro to a new all-time high of $1.46. Second, the prices for commodities such as oil continued to rise. Third, the upward trend of the commodity prices was also reflected by the gold price – more than $800 (U550). In our opinion, all these developments are exaggerated, so we prefer taking a passive and prudential stance with our investments in order to be able to react to potential counter movements.”
AMOUNT (E) FUND
12,500 C-QUADRAT Absolute Euro Bond
10,000 C-QUADRAT Absolute Euro Long/Short
10,000 C-QUADRAT Triathlon (multi-asset drawdown risk minimising)
10,000 Julius Baer Absolute Return Bond Fund (Total Return Global Fixed Income)
10,000 Kathrein Euro Bond T (quantitative EURO-Bond Fund)
10,000 JPMorgan Funds - Europe Strategic Growth Fund
10,000 Springer European Plus
7,500 Threadneedle Asia Fund
5,000 C-QUADRAT ARTS Best Momentum (computerbased trend-following momentum driven non-discretionary)
5,000 M&G American Fund (US Blend Large Cap Eq)
5,000 Threadneedle American Select Fund
5,000 VCH Expert Japan Opportunities
