Alessandro Costa

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From Fund Selection 01 November 2006

By PWM Editor

“While lower bond yields seem to suggest that inflationary concerns are receding and that the economy is slowing, stronger equity prices suggest that economic growth remains at least reasonably healthy. Our view is that economic growth is slowing, driven by the slowdown in housing price, but the overall economy remains fundamentally healthy. In September we didn’t change the fund selection or asset allocation and our portfolio remains overweight in equities relative to bonds.”

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Alessandro Costa

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