1. Conservative Income & Growth Fund
Will the Euro survive? Probably, although last week’s emergency summit seems to have caused more angst than relief. Certainly the probability of some dislocation of our currency remains uncomfortably high. Hence the continued large inflows by worried investors into our new Conservative Income & Growth Fund, which invests in ‘hardcore’ Euro, US Dollar and Sterling short-term sovereign bonds plus a small exposure to Swiss defensive stocks Nestle and Novartis. This Fund gives investors ‘peace of mind’ and protection against a possible breakup of the Euro. The Fund’s current mix is 89% bonds, 5% global equities and 6% cash, the breakdown is displayed below:
2. Midas Absolute Return Fund
According to the FT, hedge funds are set to rack up their second worst year in two decades after misreading the Eurozone crisis and slowing global growth. According to Hedge Fund Research the average hedge fund was down 4.4% in the year to end November, losing money in six of the past seven months. Only in 2008 has the industry fared worse. Famous hedge fund managers such as Paulson, Highbridge, Landsdowne and Odey have failed to recover double digit percentage losses for some of their funds.
Meanwhile, our Absolute Return Fund Midas had yet another positive month in November, up 2%. This brings the year-to-date performance to end November to +11%, easily outperforming the main Absolute Return Funds available in Ireland.
Source: Financial Express
In fact, it would appear Midas is now the No. 1 Absolute Return Fund in the UK and Ireland in 2011, outperforming over 130 such funds.
3. Defensive High Yield Fund
Finally, the new Bloxham Defensive High Yield Fund continues to ‘do what it says on the tin’. i.e. mirror the strong equity returns this quarter but with far less volatility (around 50% of the volatility of the FTSE World) and far more sleep for you!, with the Fund’s protection cushioning it from poor days but allowing participation in good days.
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