Christian Jost

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From Fund Selection 01 February 2008

By PWM Editor

“We replaced M&G American Fund with Schroder ISF US Small & Mid Cap Equity, because the latter has been performing slightly better. We feel comfortable with this investment and do not believe in a hard-landing recession scenario of the US economy as there is much potential for other future interest rate cuts by the Federal Reserve Board. Concerning European Equities, we bought HAIG MB Max Value, which convinced us with a 10 per cent performance YoY. On the bond side, we opted for an inflation-linked bond protecting against global inflation threats.”

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