AMOUNT () FUND
20,000 Powershare EMTS Cash 3 Months (money market)
10,000 GS Euro Government Liquid Reserve (money market)
10,000 Invesco Gloabal Absolute Return (GTAA)
7,500 Blackrock World Energy (energy global)
7,500 Ishares € Government Bond 1-3 (fixed income sovereign)
7,500 L Select - US Select Growth (US equity)
7,500 Lyxor Euro MTS 7-10 (fixed income sovereign)
7,500 Magellan (emerging equity)
5,000 Centifolia (French equity)
5,000 Invesco Pan-European Structured (Europe equity)
5,000 Muzinich America Yield (high yield)
5,000 Skandia US Large Caps Value (US equity)
2,500 Lyxor FTSE RAFI Japan 100 (Japan equity)
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Bernard Aybran
01 May, 2009
“With major markets somewhat stabilising for the most part of March, the risk profile of our balanced portfolio has been slightly increased, both on the equity and the fixed income sides. Whereas no new holding has been added, we have increased exposure to more growth fund managers, whereas exposure to the more conservative ones remained unchanged, despite their strong underperformance for March. The high yield corporate position initiated in February has been increased to seize the re-opening of the market. Going forward, new markets scenarios may imply some switches in our fund managers selection.” |
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