Fidelity Eur Agg

Our portfolio stands at 63.7% Asia Ex-Jap, 14.9% Latin. Look like a very Emerging Market Fund...to counter balance the risks, we have decided to move remainder 21.4% into Europe. In particular, we like the EUR exposure given by Fidelity Eur Agg. Although this market has already advanced some 18% over the last 6mths, we believe it's a good market to be invested in. valuations are still reasonable at ~ 15 times. Meanwhile, we are observing Japan to see a suitable entry point.