Professional Wealth Managementt

By PWM Editor

“All funds yielded a positive return in October – between 0.7 and 8.5 per cent in absolute terms. The total ­portfolio return was just below 2 per cent. As predicted last month, the bubble in the Chinese equity market expanded further. As a result the CAAM ASEAN was the high flier in the ­portfolio. The current liquidity crisis ­continued, but in spite of this corporate earnings for the third quarter came in at or above expectations. We maintain the portfolio as it is. The biggest risk in our opinion is a second credit crisis, stemming from ­products with exposure to, among other things, credit card debt.”

 

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