Dario Brandolini
“We remain slightly cautious on equities since concerns about a ‘hard landing’ for the global economy have not diminished. On the other side the valuation case for equity continues to be supportive. This more pessimistic stance is reflected through our reduced exposure to specific sectors and themes. We maintain a cautious stance on the bond side with a very diversified portfolio. In the portfolio we included total return bond funds, as well as convertible funds. At the same time we are still invested in bond markets outside the euro area with Invesco Sterling Bond and the Parvest Dynamic ABS fund.”
Amount (E) Fund
7,500 INVESCO Sterling Bond
6,000 JPM Highbridge Statistical Mkt Neutral EUR
6,000 AXA WF Talents Absolute A
5,000 GLG Global Convertible
4,500 JB Euro Govt Bond
4,500 HSBC Pan-Europ Govt Bond
4,500 MLIIF Euro Bond - EUR
4,500 Parvest Euro Govt Bond C
3,000 Saint Honoré Obblig Opportunites EUR
3,000 CS BF (Lux) Target Return (Euro) B EUR
3,000 PARV Dynamic ABS C
3,000 HENDERSON HORIZ-ABS RT FX-A2
3,000 GLG Performance N EUR
3,000 M&G Global Basics
3,000 IXIS Oakmark Global Value
3,000 Vitruvius Capital Opportunities
3,000 JPM Global Focus A
2,500 M&G American Fund
2,500 Vitruvius US Eq.
2,500 MLIIF US Focused Value EUR Hdg
2,500 SOGE US Relative Value EUR Hdg
2,500 FT M Beacon US Eq A
2,000 Vitruvius European Equity
2,000 UBAM Germany
2,500 Franklin Mutual European EUR
2,500 JPMF Europe Dynamic
3,500 Parvest Japan Quant/Jpy
3,500 Vitruvius Japanese Eq.
1,000 IXIS AMA Pacific Rim Equities
1,000 PARVEST Australia C
