David Bulteel
David Bulteel, head of international portfolio management, Carr Sheppards Crosthwaite
Based in: London, UK
“With the US Presidential election over, the main barrier to progress remains the oil price. If recent high prices are sustained, a recession is unlikely in 2005. Some of this risk is already factored in so equities look better than bonds. The mix of economic growth is likely to shift, with US and UK consumers curbing spending as borrowing costs bite, allowing the balance of world growth to shift from consumer spending, towards corporate investment and the faster growing economies of Asia.”
Amount (E) Fund
16,575 Gartmore CSF Continental Europe (large cap)
14,500 Fidelity Funds European Bond Fund
12,500 Gartmore CSF European Bond
11,675 Investec GSF Continental European Equity
11,650 Henderson Horizon Continental European Equity
10,000 Baring European Bond Fund
5375 Credit Suisse USA Equity
5375 GAM Star American Focus (equity)
3200 Lazard UK Equity
2650 Mellon Newton Asian Equity Portfolio
2500 Findlay Park US Smaller Companies
2000 Martin Currie Japan Fund (equity)
2000 Cash
