Alessandro Costa

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From Fund Selection 01 July 2007

By PWM Editor

“In May we made a single change in our portfolio: we sold GLG Capital Appreciation fund and substituted it with Alliance Bernstein Global Value fund. There hasn’t been a change in the asset allocation of the portfolio, as our long-term view on markets growth hasn’t changed. Actually, the substitution in the portfolio derives solely from fund picking. We are still monitoring the market, looking for new funds that could be inserted in our portfolio, especially from smaller and more specialised fund houses.”

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Alessandro Costa

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