AMOUNT (E) FUND
20,000 Deka-GeldmarktPlan TF (money market)
20,000 Deka-Institutionell Geldmarkt Garant TF (A)(money market)
7,700 Allianz-dit Rentenfonds - A EUR (Eurobond debt, medium term)
7,700 Swisscanto (LU) Bond Invest EUR A (Eurobond debt, medium term)
7,000 Allianz RCM US Equity A EUR (US equity)
7,000 PF(LUX)-US Equity Selection-P Cap (US equity)
4,850 Deka-ConvergenceRenten CF (European convergence bonds)
4,250 Cominvest Fund Euro Corporate Bond (investment grade corporate bonds)
3,400 BlackRock Global Funds - Euro-Markets Fund A2 EUR (Euroland equity)
3,400 Franklin Mutual European Fund Class A (acc) (European equity)
3,250 Threadneedle European High Yield Bond (high yield corp bonds)
2,600 Comgest Growth PLC Emerg.Mkts (global emerging market equity)
2,500 Deka-PrivateEquity (listed private equity)
2,300 DWS Aktien Strategie Deutschland (German equity)
2,250 Deka-Global ConvergenceRenten CF (global emerging market equity)
1,800 JPMorgan Japan Select Equity (Japan equity)
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Steffan Selbach
01 November, 2008
“The pressure on the international stock markets continues. We maintain a conservative weight in equities with a broad regional diversification. On the bond side we see good value in Deka-ConvergenceRenten CF and Deka-Global ConvergenceRenten CF after a decent increase in spreads of emerging market bonds and a devaluation of certain currency pairs against the Euro. The same situation appears in investment grade and high yield European corporate bonds. Furthermore we prefer a high position in pure euro money market funds Deka-GeldmarktPlan TF and Deka-Institutionell Geldmarkt Garant TF (A).” |
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