Professional Wealth Managementt

From Fund Selection 01 October 2007

Christian Jost

By PWM Editor

“Last month we sold the risky positions so that now the portfolio’s alignment is defensive with an absolute return bias. After the equity correction in August we expect the market to steady. In addition, we anticipate a better market performance within the last four months of the year. Our allocation to US equities (10 per cent), European equities (20 per cent) and Asian equities (7.5 per cent) remain unchanged. So, too, are our Japanese (5 per cent) and Global (5 per cent) holdings. In the fixed income segment we concentrate on Total Return and Euro Bond funds. The overall fixed income exposure is 32.5 per cent.”

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