Robert Burdett

“A day hardly goes by without another bullish comment on Japan. The question is whether the global demand that has helped Japan along, has been enough to generate some internal domestic demand to keep Japan on this recovery track. For now we give it the benefit of the doubt. With positive asset allocation results at the end of this volatile quarter, we choose to stick with the same portfolio of funds.

Amount (E) - Fund

13,000 - Credit Suisse Bond Lux Target Return Euro (total return, long only)

13,000 - Jo Hambro Capital Markets Continental European (European blend sector driven equity)

13,000 - Thames River Global Bond (total return OECD bonds)

10,000 - Mellon UG Global Bond (global macro bonds)

12,000 - Schroder ISF European Alpha (pan-European GARP)

9000 - Baring High Yield Bond (high yield debt)

7000 - JO Hambro Capital Markets UK Growth

6000 - Atlantis Japanese Opportunities (Garp equity small cap)

5000 - BDT Invest Asia (equity)

4000 - Thames River Global Emerging Markets (emerging equity)

3000 - Legg Mason Strategic Value (US large cap value)

3000 - Nordea American Value (US equity mid and small cap value total return)

2000 - GAM Star America Focus (us large cap blend)