Michael Richter

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From Fund Selection 01 November 2004

By PWM Editor

Michael Richter, head of asset management team, Epicon Investment Based in: Vienna, Austria

“As the demand for raw materials and energy should remain high in the coming months, we sold the Fidelity European Growth and replaced it with the broadly diversified First State Global Resources fund, which covers the energy and mining sector. We reduced the JPM Fleming International Bond and the American Express Epic Emerging Markets Liquidity funds and added the CSFB Tremont Investable Hedge Fund Index Certificate.”

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