Graham Duce
“Our portfolio benefited with its bias to equities which saw the higher beta names perform well. Volatility in equity markets is here to stay and the prudent strategy is to pick managers with the flexibility to protect investors and the skill set to deliver absolute return in a more trying market environment. With this in mind, we replace Thames River Global Emerging Markets with the more total return styled JPM Emerging Markets Alpha Plus. Within the bond element of the portfolio we replace Mellon UG Global Bond fund with M&G European Leveraged Loans Fund.”
Amount (E) Fund
16,000 CS Bond Lux Target Return Euro (Total return, long-only)
15,000 Thames River Global Bond (Total return OECD bonds)
13,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven equity)
13,000 M&G European Leveraged Loan Fund (Senior secured debt diversifier)
10,000 Mainfirst Avant Garde (Pan-European growth concentrated equity)
8000 JO Hambro Capital Markets UK Growth (UK blend active)
7000 Merrill Lynch Flexible US Equity (US flexible blend)
5000 JPMF Tokyo Alpha Plus (Pragmatic flexible trading)
4000 JPM Emerging Markets Alpha Plus (Flexible total return emerging equity)
4000 Thames River High Income (Global credit flexible total return)
3000 Findlay Park US Smaller Cos (Fundamental value small cap)
2000 Aberdeen Asia Pacific (Fundamental quality multi-cap)
