Bought Teledata and Bingo further in this Mini crash – still we believe reasonably over reacted

We do not believe it will be a worldwide crash like 2010.  If based on Europe indices, mostly already back to 2009 level and China CSI 300 also back into a very reasonable area.  Unless we are wrong, we are in mild buying mode every day when market drop.  But one thing for sure, our defensive portfolio is already achieved its role at this moment.