Michael Richter
“The market’s uncertainty vanished with the Fed’s interest rate rise of 25 basis points. We expect interest to be at 2 per cent by year-end. We made two changes to the portfolio. First, we replaced the DWS Vermoegensbildungsfonds I with the more attractive M&G Global Leaders fund. Second, we switched half of the Amex Global High Yield Euro fund into the Amex Global Emerging Markets Liquidity fund.”
Amount (E) Fund
12,000 American Express Epic Emerging Market Liquidity
10,000 M&G Global Leaders (Equity global)
8000 JPM Fleming International Bond
8000 Meinl European Land (real estate Eastern Europe)
7000 Invesco GT Global Corporate Bond Fund (Investment grade)
7000 Newton Japan Equity
7000 Oyster FFP Emerging Markets
6000 Fidelity European Growth
6000 Invesco Extra Income (Global corporate bonds, focus BB rating)
6000 Griffin Eastern European (Equity Eastern Europe)
5000 Nordea I North America Value
5000 American Express European Small & Mid Cap
5000 Aberdeen Sovereign High Yield Bond (Emerging markets bonds)
4000 Merril Lynch US Small Cap Value
4000 American Express Epic Global High Yield Euro
