October 1, 2012

Fourth Quarter Newsletter 2012

Difficult Questions, Elusive Answers” Investors’ market expectations are under re-evaluation as a result of the many cross currents influencing the external environment. The fluidity of the economic and political debate, coupled with the lingering tensions on how to prudently address a slowing recovery, and European structural concerns continue to elevate investor uncertainty. Furthermore, in a world coping with abnormally low interest rates, cash flow needs are increasing demand for income-producing assets, which support high-quality, dividend-paying companies.

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