Peter Fitzgerald
“All our European Funds performed well in February and we used this rally to reduce our exposure to this market. As pointed out last month, we were uncomfortable with the Artemis European Growth Fund in the current environment and when we decided to reduce the allocation to Europe, we sold this fund. We added to Schroder Tokyo and our two existing US funds. The star performer for the month was the Nevsky Emerging Markets Fund closely followed by the IdB Real Estate Fund which takes both long and short positions in quoted Real Estate securities; an interesting area this year.”
AMOUNT (E) FUND
12,500 ARS - Directional Managers
12,500 ARS - Market Neutral
10,000 ABN AMRO Europe Bond
10,000 Pimco Total Return
7,000 IdB Equity Income
6,000 AXA-Rosenberg US Equity Alpha
6,000 Wellington US Research
5,000 Advent Global Convertibles Securities Strategy
5,000 IdB Alchemy N.V.
5,000 IdB Real Estate Equity
4,000 First State Asia Pacific Leaders
4,000 Nevsky Emerging Markets
4,000 Odey Pan European
3,000 Schroder Tokyo
2,000 Schroder Agriculture
2,000 Invesco Perpetual High Income
2,000 SIM Global Best Ideas
