Alessandro Costa

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From Fund Selection 01 December 2008

By PWM Editor

“During the last month we made some changes to our portfolio. We replaced the Dexia Euro Bond fund with the Parvest Euro Government Bond fund and the Henderson Japanese Equities fund with the Pictet Japan Index fund. Given the bad financial markets conditions, which resulted in very high volatility and poor performances of active managers, we chose to reduce the tracking error of the portfolio by adding an indexed fund (for the Japanese market) and a pure government bond fund (in Euro zone) instead of an aggregate corporate/govies fund.”

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