Graham Duce

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From Fund Selection 01 March 2008

By PWM Editor

“Last month we suggested 2007’s volatility would return in 2008 but few foresaw the savageness of January’s global sell-off. The Federal Reserve’s aggressive action compared with that of the European Central Bank gives us confidence to increase our US weighting relative to Europe. In the current climate, we favour growth in the US and have sold ML Flexible US Equity, replacing it with Martin Currie North American Alpha. This portfolio represents the manager best ideas and is biased towards large-cap growth.”

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Graham Duce

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