Robert Burdett

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From Fund Selection 01 October 2006

By PWM Editor

“After July’s bounce, August continued to see progress, with even some higher beta areas doing well. Also bonds rallied on the Fed, giving a good month for investors. Thames River High Income fund had a good debut month in our portfolio relative to the conventional bond fund it replaced, and the government bond funds from Mellon and Thames River did well relative to their peers. In Europe, we back JO Hambro’s defensive stance, and stick with Mainfirst for the bounce after a difficult period for this high flyer.”

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