Pierre Bonart
Pierre Bonart, head of multi-management, Louvre Gestion
Based in: Paris, France
“We decided to adopt a moderate overweight in equities. The end of the year could be more supportive for stocks because of the seasonality and also because the US election issue is now behind us. With some help from attractive valuations especially in Europe and Japan, equities should outperform the other asset classes. We took our profits and sold our energy and mining exposure as a change in sentiment may occur if oil prices decline and/or investors misunderstand the tightening of China’s monetary policy.”
Amount (E) Fund
20,000 Louvre Multi Select Global Bond Fund
14,000 Legg Mason America Value
9000 WP Select Growth – GP Stewart (US conservative growth)
8500 T Multivalor
7500 Croissance Euro Actions (euro growth equities)
5000 Agressor - La Financiere de l'Echiquier (small cap value)
5000 Capital International Fund (world equites)
5000 Credit Suisse Asset Management Convertible Bond Europe
5000 Reverse International Bond
5000 Nouvelle Croissance Asie (Asian ex Japan equities)
5000 LPF Index Variable – LFP (inflation linked)
5000 Nouvelle Croissance Japon – Invest Asia (small/mid cap growth)
3000 Louvre Multi Select Emerging Equity
3000 Wanger AM New America Small caps
