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Heading: Market Views And Commentary

In this section we bring you our latest house views on different asset classes and the state of the global economy.

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Fitzwilliam Asset Management Limited is a wholly owned subsidiary of BDO Investment Management Limited, a member of BDO International Limited. Fitzwilliam Asset Management Limited is authorised and regulated by the Financial Services Authority. The registered office: 55 Baker Street London W1 7EU. Registered number: 06236394. FSA Registered number: 494560. Registered in England and Wales.