Michael Richter
“As we expected equity markets, especially emerging markets, have performed very well. With Japan lagging behind our expectations we cut back the Newton Japan Equity to 4 per cent and therefore increased the Fidelity European Growth Fund by 2 per cent and the Oyster fund by 1 per cent. We also took profits in the M&G Global Leaders fund and raised the stake of the defensive Meinl European Land to 10 per cent.”
Amount (E) Fund
12000 American Express Epic Emerging Market Liquidity
10000 Meinl European Land (Real estate Eastern Europe)
8000 M&G Global Leaders (equity global)
8000 Dexia Inflation Linked Bond Fund
8000 Fidelity European Growth
8000 Oyster FFP Emerging Markets
7000 Invesco GT Global Corporate Bond Fund (investment grade)
6000 Invesco Extra Income (Global corporate bonds, focus BB rating)
6000 Magna Eastern Europe Fund (Equity Eastern Europe)
5000 American Express European Small & Mid Cap
5000 Nordea I North America Value
5000 Aberdeen Sovereign High Yield Bond (emerging markets bonds)
4000 Newton Japan Equity
4000 Merril Lynch US Small Cap Value
4000 American Express Epic Global High Yield Euro
