Hans-Erik Ribberholt
“All funds yielded a positive return in October – between 0.7 and 8.5 per cent in absolute terms. The total portfolio return was just below 2 per cent. As predicted last month, the bubble in the Chinese equity market expanded further. As a result the CAAM ASEAN was the high flier in the portfolio. The current liquidity crisis continued, but in spite of this corporate earnings for the third quarter came in at or above expectations. We maintain the portfolio as it is. The biggest risk in our opinion is a second credit crisis, stemming from products with exposure to, among other things, credit card debt.”
AMOUNT (E) FUND
20,000 ING Senior Secured Loan (short term secured loans hedged to EUR)
15,000 Danske Fund Europe (European equities)
15,000 Nevsky European Absolute Return Fund (European equity)
15,000 Robeco Lux-o-rente (European government bonds)
10,000 Evli Ruble Debt (Corporate Ruble debt)
10,000 Fidelity American Growth (US Equities)
5,000 Credit Agricole ASEAN (Equities ASEAN countries)
5,000 Danske Capital Balkan (Eastern European Equity)
5,000 Danske Capital Financial and Investments (Financial sector Eastern Europe)
