Gary Potter and Rob Burdett
“The rebound continued to be led by risky assets in April – good news for holdings such as Old Mutual UK Select Smaller Companies (which rose over 20 per cent) and also good for equity funds focused on Asia, the emerging markets and Europe. Government bonds did not do as well, although corporate bonds participated. We remain happy with the blend of funds and assets in our portfolio and undertook no changes this month. Looking ahead, the rally has some momentum now with plenty of bears yet to capitulate but the relentlessness of the rally concerns us in the very short term.”
AMOUNT () FUND
13,000 Thames River Global Bond EUR (global sovereign fixed)
10,000 Findlay Park US Smaller Companies (US equity)
9,000 Thames River High Income EUR (global credit)
8,000 JO Hambro Capital Management Japan (Japan equity)
7,500 Cazenove UK Absolute Target (absolute return)
7,500 Blackrock Absolute Alpha (absolute return)
7,000 Invesco Sterling Bond (sterling fixed)
6,000 Nevsky Global Emerging Markets Fund (GEM equity)
6,000 Neptune US Growth (US equity
5,000 IVI European (pan-Euro equity)
4,000 Veritas Asian Fund (Asia Pacific equity)
4,000 Neptune European Growth (pan-Euro equity)
4,000 MW Japan (Japan equity)
4,000 Cazenove European (Euro ex-UK equity)
3,000 Rensburg UK Managers’ Focus (UK equity)
2,000 Old Mutual Dublin UK Select Smaller Cos (UK equity)
