Michael Richter
“We have slightly reduced our exposure to equity markets by cutting the Fidelity European Growth and the Nordea North American Value funds. In the bond sector we reduced our exposure to credit by taking profits from the Aberdeen Sovereign High Yield Bond Fund and the Invesco Extra Income Bond Fund. We then invested in the Spaengler Cash Trust, the Henderson European Equity Market Neutral Fund and the Dexia Credit Arbitrage in order to diversify risk.”
Amount (E) Fund
12,000 American Express Epic Global Emerging Market Short Term Bond
10,000 Meinl European Land (real estate, Eastern Europe)
8000 M&G Global Leaders (equity global)
8000 Dexia Inflation Linked Bond Fund
6000 Fidelity European Growth
8000 Magna Emerging Markets Equity
7000 Invesco GT Global Corporate Bond Fund (Global corp. bonds)
6000 Spaengler Cash Trust
6000 Magna Eastern Europe Fund (Equity Eastern Europe)
5000 American Express European Small & Mid Cap
4000 Henderson European Equity Market Neutral Fund
4000 Dexia Credit Arbitrage
4000 Nordea I North American Value
4000 AXA Rosenberg Japan Equity Alpha
4000 Pioneer US Mid Cap Value EUR EUR
4000 American Express Epic Global High Yield Euro
