Julien Moutier
“Over the month, our balanced portfolio has benefited from several bets such as European equity, corporate high yield and euro fixed income. Our bets taken for diversification purposes on equities have also positively contributed, as Asian and Japanese markets recovered over the last weeks. This month, we have slightly turned the allocation into a more secure way in order to keep the gains. We have decided to switch our growth bet on European equities into a core one that should be more resilient in a downside market. We have also cut our European convergence equity strategy because of high valorisation ratios.”
Amount (E) Fund
15,000 CAAM Dynarbitrage Var 20 (Total Return)
13,000 Alternatime 300 (Total Return)
13,000 BNP Paribas Sélection Obligations (Bond Total Return)
10,000 Mellon Global Bonds (Global Bond)
8,000 AXA Or et Matières Premières (Commodities Equity)
8,000 PAM Bonds Higher Yield (Emerging and High Yield Bonds)
7,000 Convertible Fund - Convertible International (Convertible Bond)
6,000 Morgan Stanley Japanese Equity Value (Japanese Value Equity)
5,000 Carmignac Investissement (Flexible Global Equity)
5,000 Fidelity South East Asia (Asian Growth Equity)
5,000 Parvest Europe Value (European Value Equity)
5,000 State Street Actions Euroland
