Peter Fitzgerald
“The markets continued upwards in December, perhaps discounting the expected seasonal strength of January. Generally when something is widely known or expected, the markets will do what is required to ensure few make money from it. The asset allocation of the portfolio remained unchanged in December. However, within the equity section of our portfolio, we have continued to increase our exposure to the US markets taking advantage of both a weak dollar and relatively attractively priced stocks.”
Amount (E) Fund
10,000 ABN AMRO Europe Bond
9,000 Pimco Total Return
7,500 ARS - Market Neutral
7,500 ARS - Directional Managers
7,500 ARS - Long/Short
7,500 IdB Alchemy N.V.
6,000 Advent Global Convertibles Securities Strategy
5,000 Thames River Global Bond
4,000 Odey Pan European
4,000 Artemis European Growth
4,000 JO Hambro Continental European
3,000 IdB Equity Income
2,500 Invesco Perpetual High Income
2,200 Thames River Global Emerging Markets
2,000 Standard Life UK Equity High Income
2,000 Aberdeen Asia Pacific
1,900 Schroder Tokyo
1,900 Polar Capital Japan
1,750 AXA-Rosenberg US Equity Alpha
1,750 Wellington US Equity Research
1,500 First State Asia Pacific Leaders
1,500 Rodina Fund Ltd.
1,400 Cambrian
1,300 Cazenove UK Growth & Income
1,200 Henderson Pan European Smaller Companies
1,100 Genus 15
1,000 Orbis Japan
