01 February 2012 at 11:58 GMT
The European Value Equity Portfolio was up 9.5 percent in January and outperformed the MSCI Daily Gross TR Europe EUR, which only climbed 3.8 percent. Cumulative outperformance since inception is now 1.3 percentage points.
The best performer in January was KGHM Polska up 33.1 percent in EUR.
The following stocks have been added to the portfolio for February: Deutshce Lufthansa, E.ON, Lagardere, Voestalpine, A2A, Celesio, GDF Suez, Allianz, Logica and Mediaset SpA.
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