Claudio Barberis
“In May we are reducing our equity exposure, following a strong global rally. We think that equity markets will still show high volatility and earnings uncertainty due to a long and complex global rebalancing process. We sold our GLG Performance fund and added the Deka Euro RentenPlus. We keep our defensive positions in high dividend equity portfolios and commodity related stocks.”
AMOUNT () FUND
9,000 AXA WF Euro Bond 7-10
8,000 BlackRock Euro Bond - EUR
6,000 JB Absolute Return Bond
5,000 Allianz RCM Systematic Equity
5,000 Allianz RCM Europe Equity Growth
5,000 Vitruvius European Equity
5,000 M&G Global Leaders
5,000 ING Europe Hign Dividend
5,000 BlackRock Euro Markets
5,000 AXA WF Euro Credit Plus
5,000 Schroder Euro Corporate
5,000 Vitruvius Japanese Eq.
5,000 Deka Xtension CF EUR
5,000 Deka Euro Renten Total Return
4,000 MLIIF W.GOLD$
4,000 GLG European Equity
4,000 HSBC GIF-Euroland Equity
3,000 Morgan Stanley Global Brands
3,000 AMEX World Energy
3,000 World Express US Equities
1,000 HSBC Asia Freestyle
