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| Manager Comments | Looking forward Bennelong expect the markets to be in for a volatile period over the next few months as central banks tend towards tightening monetary policy, the impending uncertainty associated with the end of QE2, and recent evidence of a softening in economic activity in developing countries. As a result of these factors and evidence of the unwinding of several crowded trades, Bennelong remain cautious at the macro level and on the local corporate outlook. |
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