Georges Wolff

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From Fund Selection 01 November 2008

By PWM Editor

“The portfolio has been launched last month and we remain confident in the underlying managers despite the prevailing volatile market environment. However we decided to slightly change the allocation. We redeemed our position in emerging markets. At this time we do not want to continue being exposed to these high beta markets. The proceeds have been reinvested in the already existing US equity funds, which increases our overall allocation to US equity markets.”

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Georges Wolff

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