Michael Richter, head of asset management team, Epicon InvestmentBased in: Vienna, Austria

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From Fund Selection 01 June 2004

By PWM Editor

“It has been difficult for equity markets in recent weeks, especially emerging markets equities, which have been consolidating from their latest highs. But as we are still optimistic about Asian and Eastern European markets, we remain overweight in these regions. Our broad diversification in bonds paid off and so we see no need to make any changes in our portfolio."

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Michael Richter, head of asset management team, Epicon Investment<br>Based in: Vienna, Austria

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