Alessandro Costa

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From Fund Selection 01 December 2006

By PWM Editor

“After the Federal Reserve left Fed funds unchanged at 5.25 per cent in last’s FOMC meeting, the risk of inflation still haunted the market growth prospective. However, the odds of a recession are rising, it’s not yet a done deal. In October, we increased our positive view on equities relative to the bonds valuation and we made some changes in the portfolio position adding two new equity funds: MFS European Value and Protea Winter Green Fund.”

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Alessandro Costa

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