Graham Duce
“A positive shift in market sentiment appeared in September after the surprise 50 basis points cut by the Federal Reserve improving the chances of a recession free economic soft landing. History suggest that the 12 months following the first Fed easing has tended to deliver significant equity out performance, provided the US economy does not move into recession. We have increased our equity position to emerging markets, an area that will benefit from continued US growth. We continue to favour the JPM Emerging Markets Alpha Plus fund due to its total return and flexible structure.”
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)
5,000 Findlay Park US Smaller Cos (fundamental value small cap)
7,000 JPM Emerging Markets Alpha Plus (Flexible total return emerging equity)
7,000 Merrill Lynch Flexible US Equity (US flexible blend)
4,000 JPMF Tokyo Alpha Plus (pragmatic flexible trading)
4,000 Thames River High Income (global credit flexible total return)
