Julien Moutier
“Over the past month, Asian equities have led the global market’s recovery. Threadneedle Asia Growth returned over 8 per cent, outperforming our European funds. On the other hand, as risk aversion decreased further in April, our holdings of government bonds and volatility positions suffered again. We introduced AXA HY US Short Term Duration to benefit from the excellent carry. This defensive approach aims to deliver regular performance through bond selection in short duration paper. Having chosen a compartment hedged into euros, we are currently also benefiting from the positive US/Euro rate spread.”
AMOUNT (E) FUND 17,000 FundQuest Bond Opportunities (bond total return) 16,000 PAM Bonds Euro (core Euro bond) 12,000 BNP Paribas Convertible Europe (European convertible) 9,000 Uni-global Minimum Variance Europe (defensive European equity) 8,000 Alternatime 300 (total return) 7,000 Carnegie Fund European Equity (opportunistic European equity) 6,000 Ecofi Quant Trésorerie Dynamique (enhanced cash) 6,000 Centrale Long Vol (volatility trading) 6,000 Raiffeisen 313 Trend Follower Bonds (Euro flexible bond) 5,000 Franklin Mutual Beacon (defensive US equity) 5,000 Threadneedle Asia Growth Fund (core Asian equity) 3,000 AXA IM US Short Duration High Yield (defensive US high yield)
