Julien Moutier
“Over the last two months, our balanced portfolio has benefited from several bets such as Asian and European equities and corporate and emerging high yield. We have also noticed a strong momentum of the total return strategy managed by Crédit Agricole, CAAM Dynarbitrage VaR 20. On the other hand, our exposure towards global government bonds has been detrimental to the performance. Considering the good level of jewellry demand coming from India and restricted offer, we have further increased our holdings on gold by reducing our exposure towards government bonds. We have also slightly increased high yield and total return bonds’ strategies to be less sensitive to the fixed income market.”
Amount (E) Fund
16,000 BNP Paribas Sélection Obligations (Bond Total Return)
15,000 Alternatime 300 (Total Return)
15,000 CAAM Dynarbitrage Var 20 (Total Return)
9,000 PAM Bonds Higher Yield (Emerging and High Yield Bonds)
8,000 Cyril Convertible Taux (Convertible Bond)
7,000 Morgan Stanley Japanese Equity Value (Japanese Value Equity)
6,000 Fidelity South East Asia (Asian Growth Equity)
6,000 AXA Or et Matières Premières (Commodities Equity)
5,000 Carmignac Investissement (Flexible Global Equity)
5,000 State Street Actions Euroland
4,000 Convertible Fund - Convertible International (Convertible Bond)
4,000 Parvest Europe Value (European Value Equity)
