David Bulteel

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From Fund Selection 01 October 2004

By PWM Editor

David Bulteel, head of international portfolio management, Carr Sheppards Crosthwaite
Based in: London, UK
“The outlook for US employment remains unclear and may deter the Federal Reserve from raising rates again before the presidential election. US second quarter results were very satisfactory although the outlook statements were less bullish than expected. Valuations of equity markets have improved this year due to robust earnings growth. If world growth remains on track and the oil price continues to weaken, or at least stabilises, equities offer good long term value.”

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