David Bulteel
“Equities have continued to be volatile amid concerns about bad debts arising from the US housing market. Worries stemming from the credit markets, which had led to a virtual seizing up in overnight lending markets, have abated, but credit is harder to come by and more expensive. The eventual cost of bad debts for the financial sector remains unclear and the valuation of some complex debt securitisation instruments also remains opaque. So, sentiment remains fragile in the Western markets while in Emerging/Asian regions, markets and underlying funds have been buoyant on the basis that they might be more resilient to a US slowdown.”
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 Schroder UK Alpha Plus
3,000 Merrill Lynch US Flexible Equity Fund
3,000 UBS US Equity Fund
2,000 Findlay Park US Smaller Companies
1,500 Threadneedle Asia Fund
1,500 Atlantis Japan Growth Fund
1,500 JP Morgan Emerging Markets Equity Fund
