David Bulteel

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From Fund Selection 01 November 2004

By PWM Editor

David Bulteel, head of international portfolio management, Carr Sheppards Crosthwaite Based in: London, UK

“In spite of oil prices hitting new highs, most equity markets continued to rally from their mid-August lows and recorded solid gains last month. Bond markets were little changed. Having fretted for a while about slowing global growth, investors are focusing on the positive consequences – a lower peak to the interest rate cycle in the US and UK. In addition, profits and dividend growth in 2004 have exceeded expectations.”

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