Graham Duce

“We are growing increasingly worried about the Euro zone’s economic backdrop. We have reduced our allocation by reducing the Mainfirst Avant Garde fund and increasing our US weight by buying the JPM US Select 130/30 fund. Unlike some 130/30 funds this model has a successful historical track record having been run for US domestic investors since 2004. The fund provides us with flexibility to benefit from the current market volatility as well as providing us with sector diversification and a broad footprint in US large cap equities. Not only will this position increase our total US weight but it will blend along side our other US managers.”