Professional Wealth Managementt

By PWM Editor

“During the last month we reviewed our entire portfolio. We replaced DWS Global Value, Gartmore Emerging Markets Equities, UOB Kinetics Paradigm, Mellon Global Bond and Long Term Investment Classic with Vontobel US Value, Templeton Mutual Discovery, Generali Euro Bond and UBS US Growth. All the changes follow the decision to reduce the tracking error of the portfolio. We removed the bets on emerging markets and on global bond asset classes and we increased the weight of defensive funds.”

 

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