“In the last month we have made some changes to our portfolio. We replaced Templeton European Total Return Fund with Dexia Euro Bond Fund, in order to reduce exposure to corporate bond in favour of government bond. Moreover we reduced the weight of Long Term Investment Classic in favour of ING Global High Dividend. Despite the changes, the asset allocation of the portfolio hasn’t varied. We are always monitoring the market, looking for new funds that could be included in our portfolio. Each potential change in the portfolio will derive solely from fund picking.”