Michael Richter

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From Fund Selection 01 September 2004

By PWM Editor

“The market’s uncertainty vanished with the Fed’s interest rate rise of 25 basis points. We expect interest to be at 2 per cent by year-end. We made two changes to the portfolio. First, we replaced the DWS Vermoegensbildungsfonds I with the more attractive M&G Global Leaders fund. Second, we switched half of the Amex Global High Yield Euro fund into the Amex Global Emerging Markets Liquidity fund.”

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