Robert Burdett

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From Fund Selection 01 June 2005

By PWM Editor

“April saw the increase in market volatility continue, and most markets lost money in euro terms. Exceptions were Japan and bond markets, with our Japanese portfolios overweight, offsetting a bond underweight. Excellent performance from Atlantis Japan which was up 5.8 per cent assisted the returns further. Elsewhere, performance averaged out and we still believe it is important to look through this volatile period. So we propose no changes.”

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