Christian Jost

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From Fund Selection 01 April 2009

By PWM Editor

“During February, international stock markets were once again influenced by weak economic forecasts. Particularly the negative news flow from the automotive and the financial sector caused a high degree of insecurity among investors and, as a consequence, almost all stock indices fell below the low levels of November 2008. Additional uncertainty originated from the worsening economic situation of state economies in Eastern Europe. In our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, equities, commodities and cash were reduced in favour of bonds.”

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Christian Jost

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