Investment Committee Stock Portfolio

The AKO-Stock Portfolios is showing a negative performance from 01.01.-30.06.2010. Its performance after transaction costs - and taking into consideration our conservative in-house stock selection - is as follows:

The S&P 1200 Global Index (shares worldwide) experienced a loss in value of 7.5% during the same period.

What is the AKO-Stock Portfolio?

The stock portfolio of the investment committee results from our global diversified investment list containing precise buy and sell limits. It is managed like a real portfolio taking into consideration also transaction costs.

The AKO-Stock Portfolio is composed of 7 core, 41standard and 13 additional stocks for the time being. Core stocks have a weighting of 4 x 1 in the portfolio, standard stocks of 2 x 1 and additional stocks of 1.

We invest the AKO portfolio, our clients' assets under management as well as our Nostro account (assets belonging to the bank) in accordance with the same guidelines and manage them by exactly the same principles.

Your Investment Committee of the ARVEST Group

ARVEST Privatbank AG, Churerstrasse 82, CH-8808 Pfäffikon SZ