Professional Wealth Managementt

From Fund Selection 01 October 2006

Peter Fitzgerald

By PWM Editor

"For a balanced portfolio, we continue to recommend an allocation of 40 per cent to equities, 30 per cent to alternatives and 30 per cent to fixed income. We will rebalance the portfolio to this allocation on a periodic basis. As the equity rally continues, we have taken some of these profits and reinvested in our fixed income and alternative allocations to ensure consistency. There were no manager changes during the month. We continue to watch the market data, and despite an apparent Fed pause, we remain cautious especially given the poor housing data from the US."

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