Graham Duce
“Action by the ECB to inject liquidity and the Federal Reserve in cutting the discount rate highlights the difficult conditions in markets. This has not been helped by the low volumes during the holiday season. The risk of more causalities and contagion into the wider economy is what overhangs sentiment. Markets have re-priced lower and inevitably this throws up opportunities in some areas. In fixed interest not everything will default and growth amongst the developing economies continues. Action taken in haste can often be wrong; we are comfortable with our positions.”
Amount (E) Fund
16,000 CS Bond Lux Target Return Euro (Total return, long only)
15,000 M&G European Leveraged Loan Fund (Senior Secured Debt diversifier)
15,000 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)
7,000 Merrill Lynch Flexible US Equity (US Flexible Blend)
8,000 JO Hambro Capital Markets UK Growth (UK blend active)
5,000 Findlay Park US Smaller Cos (fundamental value small cap)
5,000 JPMF Tokyo Alpha Plus (pragmatic flexible trading)
4,000 JPM Emerging Markets Alpha Plus (Flexible total return Emerging equity)
4,000 Thames River High Income (Global Credit Flexible Total Return)
