Robert Burdett

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From Fund Selection 01 April 2005

By PWM Editor

“Risk was again rewarded in February with bonds underperforming equities, and higher beta markets excelling. The exception was technology, which meant Legg Mason continued its hangover after last year’s Q4 sprint to the line. In February our overweight in equities was increased, and within this favouring Japan and Asia paid off. But Europe was our best area both for absolute returns and for the peer group ranking of our fund selections.”

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