Georges Wolff
“While the market has continued its rebound in April, we have decided not to increase our equity allocation and to rebalance the portfolio in order to take some profit. However, we have made several changes in underlying funds both on the equity and the fixed income side. Concerning fixed income investments, the allocation has been switched to less directional funds or to such funds that can generate higher alpha in volatile markets. For the equity position, we have decreased our bets on value tilted investments and reinvested the proceeds in emerging market equity funds, which we expect will be the first to come out of the crisis.”
AMOUNT () FUND
18,000 BGF Global Allocation Fund A2 USD (asset allocation neutral)
10,500 Templeton Global Bond A MDis USD (bond global)
10,500 Sinopia AF GBMN 300 E (bond global)
3,000 JPMorgan - Highbridge Statistical Market Neutral (statistical arbitrage)
2,000 JPM Global High Yield Bond A Acc EUR (high yield)
3,000 DWS Invest Convertibles LC (convertible global)
5,000 Julius Baer Absolute Return Bond (absolute return)
5,000 Exane Templiers Fund(market neutral)
6,000 Sparinvest-Global Value EUR R (equity global)
6,000 DWS Global Value (equity global)
5,000 Investec American A Acc Net (US equity)
8,000 BGF US Flexible Equity Fund A2 USD (US equity)
5,000 UBAM Neuberger Berman US Eq Value (US equity)
3,000 OYSTER European Opportunities EUR (European equity)
3,000 BGF European Fund (European equity)
4,000 Henderson HF Pan European Equity A2 (European equity)
3,000 Robeco Emerging Markets Equities D EUR (global emerging market equity)
