This month's investment panel

Each month in PWM, six top European asset allocators reveal how they would spend E100,000 in a fund supermarket for a fairly conservative client with a balanced strategy. Marjolijn Breeuwer,

manager selection team, Insinger de Beaufort

Based in: Amsterdam, The Netherlands Thierry Callault,

head of strategy, Banque du Louvre

Based in: Paris, France Guenter Woinar,

asset management team, Epicon Investment

Based in: Vienna, Austria David Bulteel,

head of int’l portfolio management, Carr Sheppards Crosthwaite

Based in: London, UK Robert Burdett,

director for multi-manager and fund of funds, Credit Suisse Asset Management

Based in: London, UK Bernard Aybran,

head of manager selection, LCF Rothschild

Based in: Paris, France