Claudio Barberis
“With equity markets still weak and volatility high, we maintain a diversified, conservative portfolio. The duration of the bond portion has been decreased, following a strong performance of long-duration government bonds. We took exposure to convertibles, to benefit from the continuing high volatility and the bond floor. On equities, we reduced exposure to the utilities sector and increased investments on Japanese equities. Market conditions still suggest sector plays like MLIIF W.GOLD$ and funds focused on large caps. We still like emerging markets total return bond funds such as the AMEX Global Emerging Markets Absolute Return fund.”
AMOUNT (E) FUND
10,000 JB Absolute Return Bond
10,000 AXA WF Euro Bond 7-10
8,000 Allianz RCM Systematic Equity
7,000 AMEX-GEMAR AEH?
7,000 Parvest Euro Govt Bond C
6,000 Vitruvius Japanese Eq.
5,500 Allianz RCM Europe Equity Growth
5,000 MLIIF W.GOLD$
5,000 Morgan Stanley Global Brands
4,500 GLG Performance Fund
4,000 Deka Xtension CF EUR
4,000 GLG GL CONV N
4,000 M&G Global Leaders
4,000 Morgan Stanley FX RC 800
4,000 Vitruvius European Equity
3,000 AMEX World Energy
3,000 HSBC Asia Freestyle
3,000 IXIS Oakmark Global Value
3,000 Legg Mason US Value Trust
