Marjolijn Breeuwer

“Last year we exited HSBC UK Growth Fund after the departure of manager Tim Russel. We now switch back to Mr Russel as he is running an identical portfolio at Cazenove. His track record is remarkable for its consistency of returns and superior risk profile. His top-down focus on identifying changes in the business cycle allows his portfolio to outperform in different market environments. A wider restructuring of our UK equity portfolio saw us drop SVM UK Growth.”

Amount (E) - Fund

30,000 - Insinger de Beaufort Multi-Manager Zeus (fund of hedge funds)

12,500 - ABN AMRO Europe Bond

10,900 - AXA-Rosenberg US Equity Alpha (US large cap core)

10,900 - Wellington US Equity Research (US large cap core)

7800 - Pimco Total Return (US fixed income)

5400 - Pimco Global Bond (global fixed income)

3200 - Gartmore CSF Cont’l Europe (large cap growth)

3200 - Thames River European (continental large caps)

2000 - Cambrian (focussed US small-mid caps)

1600 - Invesco Perpetual High Income (UK core income)

1600 - Liontrust First Income (UK core income)

1600 - Martin Currie Japan (Japan large cap)

1600 - Polar Capital Japan

1600 - Thames River Global Emerging Markets

1400 - Aberdeen Asia Pacific (Asia ex Japan core)

1400 - Cazenove UK Growth & Income

1200 - Ashmore EMLIP (sovereign high yield)

1100 - Pimco High Yield (high yield corporate bonds)