Robert Burdett
“May saw markets rise with the leaders of the rally initially favouring broad-based large cap stocks before a returned appetite for risk later in the month. The best returns in euros came from technology stocks and higher beta markets such as Latin America. Bonds made progress but were left behind by equities. We are trimming our Asian weighting, and adding to the US and UK on the basis of valuations and improving technicals.”
Amount (E) Fund
15,000 Thames River Global Bond (total return OECD bonds)
14,000 JO Hambro Capital Markets Continental European (Continental European blend sector driven equity)
14,000 Schroder ISF European Alpha (Pan-European GARP concentrated equity
13,000 CS Bond Lux Target Return Euro (total return, long only)
13,000 Mellon UG Global Bond (global macro bonds)
8000 Legg Mason Strategic Value (US large cap value)
6000 JO Hambro Capital Markets UK Growth (UK blend active)
5000 Atlantis Japanese Opportunities (Japanese Garp equity small cap)
4000 Baring High Yield Bond (high yield debt)
4000 Thames River Global Emerging Markets (pragmatic emerging equity)
2000 Franklin Mutual Beacon (US mixed asset total return)
2001 New Star Asian Opportunities (macro/stockpicking GARP/growth style)
