Robert Burdett

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From Fund Selection 01 July 2004

By PWM Editor

“Our portfolio’s Japanese over-weight gave back some of the gains of the year so far, but elsewhere in peer group terms a number of funds performed well. Both Thames River Global Bond and Mellon Global Bond outperformed their sector. We intend to stick to our asset allocation though this volatile period, as the fundamentals continue to support our stance, and our managers are doing a good job on the defensive tack.”

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Robert Burdett

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