David Bulteel
“Since November, expectations for economic growth have stabilised, as the damage from the housing fallout in the US has so far been contained. Fears of growth sliding away have abated, deferring hopes of rate cuts. Further falls in oil prices late last year will lead to lower inflation rates, while cheaper fuel will also boost consumer incomes and give relief on corporate margins. So, the growth-inflation mix prospectively looks better than a few months ago, an environment more favourable for equities than bonds. However, equities have already rallied and could be vulnerable to profit-taking in the short term.”
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 Cos
1,500 Aberdeen Asia Pacific Fund
1,500 Atlantis Japan Growth Fund
1,500 JP Morgan Emerging Markets Equity Fund
