To download a presentation of the general characteristics of BL-Global Flexible and of its portfolio as at mid-July, please click on the following link.

On 18 May, the net equity allocation was 36%. BL-Global Flexible held 79% of its assets in equities, of which 43% were hedged through the sale of futures.

The fund took advantage of the correction on the stock markets to slightly increase its net equity allocation, which, at 19 February, was 34%, up from 30% in mid-January.

Review of 2009 and 2010 strategy.

As at beginning of November, the fund's net equity weighting is 28% (51 minus 23% hedged through the sale of futures). 

In the following, I try to answer some of the main questions people have posted on the blog in the past few months.

As at beginning of October, the fund's net equity weighting is 27% (46% minus 19% hedged through the sale of futures). The equity allocation has slightly increased compared to early September when it stood at 22%.

We have taken advantage of the rise in stock markets over the last 2 months to reduce the equity allocation in the BL-Global Flexible fund even further.

As I mentioned yesterday in my article in the "Analysis" section of the blog, I believe that the expectations of economic recovery behind the rise in risk assets since March will be short-lived.

The rise in long-term interest rates has been used to increase the weighting of bonds in the portfolio to 47%.