Claudio Barberis

http://www.pwmnet.com/Fund-Selection/Claudio-Barberis31

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From Fund Selection 01 November 2008

By PWM Editor

“In October we kept our defensive asset allocation. Markets have been extremely volatile and our allocation to government bonds has helped overall performance. We sold our convertible bonds exposure and increased bond allocation through the BlackRock Euro Bond fund. We are still not positioned for a strong market rebound, since we think that current weak real economic activity in US and Europe will cap equity markets.”

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Claudio Barberis

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