Private Client AIS – Revised Asset Allocation May 2013

Annual Rebalance of the London Private Wealth Portfolios.

Part of the management process of our portfolios involves an annual rebalance to correct the sector/asset allocations where they may have moved as a result of market changes. The main purpose of this process is to reduce risk and improve portfolio efficiency.

Amendments: We have also taken this opportunity to make slight amendments to the asset and sector allocations of our portfolio’s to align these with the expected economic and capital market conditions in the year to come.

AIS Asset Allocation May 2013