Robert Burdett
“Risk remained in favour in July, with Asia, the emerging markets and high beta areas such as tech and biotech leading. Currency became less of an issue for Euro-based investors. We are inclined to run with our more bullish managers in the short term – Legg Mason in the US, Atlantis in Japan, JO Hambro in the UK. New manager of Schroder ISF Euro Alpha Gary Clarke takes over in Q4. We are currently reviewing this position against other possible investments.”
Amount (E) Fund
15,000 Thames River Global Bond (Total return OECD bonds)
14,000 Schroder ISF European Alpha (Pan European GARP concentrated equity)
14,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven Equity)
13,000 CS Bond Lux Target Return Euro (Total return, long only)
13,000 Mellon UG Global Bond (Global macro bonds)
8,000 Legg Mason Strategic Value (US Large Cap Value)
6,000 JO Hambro Capital Markets UK Growth (UK blend active)
5,000 Atlantis Japanese Opportunities (Japanese Garp equity small cap)
4,000 Baring High Yield Bond (High yield debt)
4,000 Thames River Global Emerging Markets (Pragmatic emerging equity)
2,000 Franklin Mutual Beacon (US mixed asset total return)
2,000 New Star Asian Opportunities (Macro/stockpicking GARP/Growth style)
