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By PWM Editor

“Since the beginning of the year, international stockmarkets have shown glimpses of recovery, but during the last two weeks of March the global markets underwent a consolidation. A combination of encouraging macro economic data, continued quantitative easing by major central banks and a first stage win within the European debt crisis – to prevent Greece’s payment default for this year – have boosted risk appetite of some investors. Our portfolio, which is allocated according to C-Quadrat Best Fonds Strategy, reacted to this with an increase in its high yield bond and commodity exposure.”

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