Peter Fitzgerald
“Despite a large sell off in property markets, the IdB Real Estate Fund managed to produce a positive return in January. The Pimco Total Return Fund also delivered positive returns. Our emerging markets holdings also performed well. Losses were experienced in the European and US funds. The outlook is grim, the world is extremely bearish and this can result in a rally. We are looking to add exposure to credit and high yield and are considering a reinvestment into soft commodities having sold out almost a year ago.”
AMOUNT () FUND
10,000 ARS - Directional Managers
10,000 ARS - Market Neutral
10,000 Cash
10,000 MM European Bond
10,000 Pimco Total Return
7,000 AXA-Rosenberg US Equity Alpha
7,000 Wellington US Research
6,000 IdB Equity Income
5,000 IdB Real Estate Equity
5,000 Invesco Perpetual High Income
4,000 First State Asia Pacific Leaders
4,000 Nevsky Emerging Markets
4,000 Odey Pan European
3,000 Schroder Tokyo
2,500 Cazenove Euopean Absolute
2,500 Odey European Inc
