Pierre Bonart
“No major changes since our last review. Our main strategic allocation theme remains the attractiveness of equity markets against other traditional asset classes, especially fixed income. We therefore maintain our low exposure to fixed income, which has benefited from the rise of interest rates both in the US and in the Euro zone. We also continue to recommend investments in alternative assets and are therefore invested in a multi-strategy fund of hedge funds, which potentially give the same long-term returns for a much lower volatility.”
Amount (E) Fund
30,000 L Multi Hedge
7,500 Legg Mason America Value
7,500 WP Select Growth (US Conservative Growth)
7,000 Comgest Asia
7,000 Croissance Euro Actions (Euro Growth Equities)
7,000 Louvre Multi Select Global Bond Fund
5,000 Agressor - La Financiere de l'Echiquier (small cap value)
5,000 AXA World Talents
5,000 MLIIF World Energy Fund
5,000 MLIIF World Mining Fund
5,000 OPA Monde
3,000 Louvre Multi Select Emerging Equity Fund
3,000 Wanger AM New America Small Caps
3,000 Fortis Convertible Bond Europe
