Professional Wealth Managementt

By PWM Editor

“Although we still believe in continuing growth, some elements in our portfolio were conceived to minimise the risks of a potential drawdown. Therefore, we uphold a 10 per cent cash position, hoping to buy cheaply after a possible consolidation. This is backed by our further defensive positions, which in total make up more than 30 per cent of the portfolio. We have added Threadneedle’s Asia Fund and have deselected Aberdeen Asia Pacific due to a beginning performance lag. Reduced by five per cent, but still our core European equity fund is the Coreolan Europe.”

 

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