AMOUNT (E) FUND
15,000 Fidelity European Bond Fund (European fixed int)
15,000 Thames River Euro Global Bond Fund (global fixed int)
10,000 Artemis European Growth Fund (European ex UK equity)
10,000 Fidelity European Equity Fund (European ex UK equity)
10,000 Gartmore Continental European Equity (European ex UK equity)
8,000 Schroder European Alpha Plus (European ex UK equity)
5,000 Dexion Absolute Fund of Hedge Funds
5,000 Threadneedle Euro High Yield Bond Fund (high yield bonds)
3,500 Polar Capital Japan Fund (Japan)
3,000 European Asset Value Fund (international specialist)
3,000 Merrill Lynch US Flexible Equity Fund (US equities)
3,000 Schroder UK Alpha Plus (UK equities)
3,000 UBS US Equity Fund (US equities)
2,000 Findlay Park US Smaller Cos (US small cap)
1,500 Atlantis Japan Growth Fund (Japan small cap)
1,500 JP Morgan Emerging Markets Equity Fund (global emerging)
1,500 Threadneedle Asia Fund (Asia ex Japan)
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David Bulteel
01 November, 2008
“Constituent funds were hit by a poor macro backdrop and one that has been difficult for virtually every asset class bar those that are "risk free" in nature. It is therefore not a surprise that JPM Emerging Mkts was the worst performer but part of this will be down to the natural resource/commodity based content. Artemis European also struggled in this area. Quant-based funds are struggling in these sentiment driven markets. The Artemis fund remains poorly positioned in its peer group. Threadneedle Asian is another that is struggling in absolute and peer group terms and the de-coupling myth dies down.” |
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