Georges Wolff
“As we compare our investments to a balanced benchmark we are comfortable with our portfolio. The recent market rally could have been a reason for us to increase the equity part of the portfolio. However we believe that both our allocation to convertible bonds and the active exposure to equity markets via the BGF Global Allocation Fund are providing sufficient sensitivity to a potential equity market rebound at this moment in time. We would certainly need to see additional proves of the sustainability of any rally before starting to increase the beta of the portfolio.”
AMOUNT () FUND
18,000 BGF Global Allocation Fund A2 USD (asset allocation neutral)
15,500 Sinopia AF GBMN 300 € (bond global)
15,500 Templeton Global Bond A MDis USD (bond global)
8,000 BGF US Flexible Equity Fund A2 USD (equity USA)
7,000 DWS Global Value (equity global)
7,000 Sparinvest-Global Value EUR R (equity global)
5,000 Investec American A Acc Net (equity USA)
5,000 UBAM Neuberger Berman US Eq Value (equity USA)
4,000 DWS Invest Convertibles LC (convertible global)
4,000 Henderson HF Pan European Equity A2 (equity Europe)
3,000 Cazenove Pan Europe B EUR (equity Europe)
3,000 JPMorgan - Highbridge Statistical Market Neutral statistical arbitrage)
3,000 OYSTER European Opportunities EUR (equity Europe)
2,000 JPM Global High Yield Bond A Acc EUR (high yield)
