David Bulteel
“Renewed concerns about banking losses, allied to worries that the financial sector’s problems would spread to the wider economy, led to a sharp dip in markets during the previous month. Markets staged a recovery when other central banks (including the UK) joined the US Federal Reserve in cutting interest rates, and investors took heart from the active role taken by central banks in seeking to normalise interbank lending rates towards the year end. The start to 2008 has not been easy, with equities returning to the ‘bearish path’. That said, actual valuations are a reasonable proposition, if a recession can be avoided and earnings do not ‘fall off a cliff’.”
AMOUNT (E) FUND
15,000 Fidelity European Bond Fund
15,000 Thames River Euro Global Bond Fund
10,000 Artemis European Growth Fund
10,000 Fidelity European Equity Fund
10,000 Gartmore Continental European Equity
8,000 Schroder European Alpha Plus
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Threadneedle Euro High Yield Bond Fund
3,500 Polar Capital Japan Fund
3,000 European Asset Value Fund
3,000 Merrill Lynch US Flexible Equity Fund
3,000 Schroder UK Alpha Plus
3,000 UBS US Equity Fund
2,000 Findlay Park US Smaller Cos
1,500 Atlantis Japan Growth Fund
1,500 JP Morgan Emerging Markets Equity Fund
1,500 Threadneedle Asia Fund
