Robert Burdett

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From Fund Selection 01 July 2005

By PWM Editor

“May saw markets rise with the leaders of the rally initially favouring broad-based large cap stocks before a returned appetite for risk later in the month. The best returns in euros came from technology stocks and higher beta markets such as Latin America. Bonds made progress but were left behind by equities. We are trimming our Asian weighting, and adding to the US and UK on the basis of valuations and improving technicals.”

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Robert Burdett

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