Alessandro Costa

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From Fund Selection 01 April 2009

By PWM Editor

“During the last month we removed AllianceBernstein Global Value and increased the weight of M&G Global Basics and Franklin Templeton Mutual Global Discovery. In spite of this, we kept both sector and geographic allocation unchanged and in line with the benchmark of the portfolio. We also made no changes to the allocation between equity funds and bond funds. The performance of the portfolio got a positive contribution especially from Franklin Templeton Mutual Global Discovery and from European equity funds, like Templeton Mutual European, Nordea European Value and M&G UK Recovery.”

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