Professional Wealth Managementt

By PWM Editor

“The best performing fund last month was Odey European Inc (+30 per cent). This manager benefited from a large position in Barclays. We have diversified our holding in Invesco Perpetual High Income and invested into PSIGMA Income and Standard Life UK Growth. We moved into the Schroder Commodity Fund for three reasons: a hedge against inflation; if economies pick up commodities rally as supply constraints become obvious; and as a hedge against a fall in the dollar. Last month we stated that this “equity rally could well continue longer than many market participants believe.” So far we have been right.”

 

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