Professional Wealth Managementt

By PWM Editor

“Markets continue to be very weak. The financial crisis is worsening following Fannie and Freddie Mac bailouts and Lehman bankruptcy. Last inflation numbers both in the US and Europe show a peak in the inflation rates in July. We kept our pretty conservative portfolio, substituting Amex Gemar emerging markets absolute return bond fund with a bigger exposure to European bonds (through the Axa WF). We also added BlackRock Euro Markets fund because of its good track record.”

 

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