Graham Duce
“The market continued to gain upward momentum in early October as investors started to ignore the subprime issues and focused on improving company earnings and resilient US growth. However, near the end of the period the subprime issues returned to the forefront of investor’s minds as several high-profile banks reported weaker-than-expected earnings. We continue to favour equities, but hold a bias to more active managers who are able to take advantage of the current market volatility.”
AMOUNT (E) FUND
15,000 CS Bond Lux Target Return Euro (Total return, long only)
15,000 M&G European Leveraged Loan Fund (Senior Secured Debt diversifier)
14,000 Thames River Global Bond (Total return OECD bonds)
11,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven Equity)
10,000 Mainfirst Avant Garde (Pan-European Growth concentrated equity)
8,000 JO Hambro Capital Markets UK Growth (UK blend active)
7,000 JPM Emerging Markets Alpha Plus (Flexible total return Emerging equity)
7,000 Merrill Lynch Flexible US Equity (US Flexible Blend)
5,000 Findlay Park US Smaller Cos (fundamental value small cap)
4,000 JPMF Tokyo Alpha Plus (pragmatic flexible trading)
4,000 Thames River High Income (Global Credit Flexible Total Return)
