Marjolijn Breeuwer

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From Fund Selection 01 November 2005

By PWM Editor

“We continue to further reduce our equity exposure to US managers and increase our allocation to Europe, UK, Asia and emerging markets. We made some changes to our UK equity portfolio where we added Standard Life UK Equity High Income, managed by Karen Robertson, who runs a fairly concentrated income portfolio based on a combination of quantitative screening and fundamental analyses. We expect this allocation to add value in the portfolio in the coming period.

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Marjolijn Breeuwer

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