AMOUNT (E) FUND
16,000 Cash
7,500 Kathrein Euro Bond
7,500 ESPA Bond Euro Reserva
7,500 3 Banken Short Term Eurobond
7,500 db x-trackers II iBoxx Sovereigns Eurozone 1-3 TR Index
5,000 C-QUADRAT ARTS Total Return Global AMI
5,000 First State Investments ICVC - Asia Pacific Leaders Fund
5,000 Pioneer Invest Trend Bond
5,000 Ringturm Euro Bond
5,000 KBC Renta Short EUR
5,000 3 Banken Short Term Eurobond
5,000 Invesco Japanese Equity Core Fund
5,000 Schroder ISF US Small & Mid Cap Equity
5,000 Threadneedle American Extended Alpha Fund
5,000 C-QUADRAT Springer European Plus
4,000 Man AHL Diversified Markets EU
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Christian Jost
01 November, 2008
“During the month of September some radical changes have taken place in the financial sector of the US. Hit by severe liquidity problems, the US investment bank Lehman Brothers was forced to file for Chapter 11 bankruptcy. The remaining investment banks were either acquired or converted to commercial banks in order to survive the financial turmoil. International stock markets accredited the end of the Wall Street investment banks with high losses. Our portfolio reacted to this market environment by increasing the bond and the cash exposure.” |
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