AMOUNT (E) FUND
10,000 Julius Baer Absolute Return Bond Fund (total return global fixed income)
10,000 C-QUADRAT Springer European Plus
10,000 Threadneedle American Crescendo Fund Ltd
10,000 Invesco Japanese Equity Core Fund
7,500 Capital Invest Trend Bond
7,500 Threadneedle Asia Fund
6,000 AMEX WF Local Currency Emerging Market Income
5,000 C-QUADRAT ARTS Best Momentum
5,000 Ringturm Euro Bond
5,000 Schroder ISF Global Inflation Linked Bond
5,000 AXA World - Global Emerging Markets Bonds
5,000 AXA World Funds Aedificandi
5,000 Schroder ISF US Small & Mid Cap Equity
5,000 Threadneedle American Extended Alpha Fund
4,000 Man AHL Diversified Markets EU
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Christian Jost
01 October, 2008
“During August the downwards trend of the oil price continued driven by the first signs of a cooling global economy. Accordingly, the worldwide demand in oil decreased significantly and news of increasing oil inventories are spreading. Another important reason for the sinking oil price seems to be the speculative investment shift from long to short positions at most of the international commodity exchanges. We prefer to wait and observe until the end of the year if the ongoing, sometimes exaggerated trends in the market can really persist and therefore made only minor changes to our portfolio.” |
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