Alessandro Costa

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From Fund Selection 01 October 2006

By PWM Editor

“An unsettled geopolitical climate and the confirmation that the US economy is slowing down helped to sustain the pressure on US Treasury bond yield that had begun in early July 2006. Equity markets rallied further in August, with virtually all of the major sectors and countries participating in the rally. We remain overweight equities relative to the bonds. There were no changes in our asset allocation this month, even if we replaced Parvest Euro Advantage Bond Fund with DWS Forex Strategy Fund.”

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Alessandro Costa

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