Dario Brandolini

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From Fund Selection 01 November 2006

By PWM Editor

“Our portfolio is fairly balanced between bond and equity. In the euro area the investment in the mid-long maturity government bonds has been increased against funds with a total return approach. The equity component of the portfolio remains quite conservative. Our preferences go again towards defensive funds or funds with a value approach although some aggressive themes, technology for example, still remain in the portfolio.”

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