Alessandro Costa

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From Fund Selection 01 September 2006

By PWM Editor

“The rise in inflation expectations since the start of the year has been joined by a spike in the core Consumer Price Index and a weaker dollar. This has pushed investors to reduce exposure to high beta sectors like materials and energy. We view this as a healthy correction, as opposed to the end of the bull market and therefore will not make any changes to the portfolio until volatility settles.”

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Alessandro Costa

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