Julien Moutier

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From Fund Selection 01 April 2006

By PWM Editor

“Following the recent global equity rally, we implement a cautious stance in the portfolio by reducing the equity portion and introducing a flexible allocation fund. We still favour a growth equity style, which appears attractive today if compared with the overbought value theme. Our optimistic view on cyclical sectors and the South Korean economic growth led us to implement a strategic bet on Asia through equities and convertibles.”

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Julien Moutier

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