David Bulteel

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From Fund Selection 01 May 2005

By PWM Editor

“Oil and rising US interest rates remain key concerns. Provided the inflation scare proves to be a false alarm, rising rates worldwide this year should be a reassurance that growth is intact rather than a worry that inflation needs to be combated. Equities look attractive if earnings continue to grow and bonds are still uncompetitive with cash. Consequently, a patient approach is recommended, favouring real assets (property and equities), with an accent on quality.”

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