| PREMIER CONSERVATIVE PORTFOLIO |
Quarterly Report to 31st January 2010 >
Suitable for: the more conservative investor looking for a strategy which has an emphasis on capital preservation.
The Premier Conservative Portfolio takes a balanced approach to investment by investing across a broad range of asset classes and by ensuring that a considerable element of the portfolio is held, where possible, in protected structured products and absolute return strategies.
Capital protected structured products, whether fully or partially protected, can provide opportunities for an investor to participate in equity market returns (often enhanced returns) without the same level of risk normally associated with a conventional equity investment.
Absolute return strategies look to generate positive returns in all market conditions and can help to reduce the volatility of a portfolio. Premier Asset Management uses Funds of Hedge Funds in this area to further diversify the exposure of this element of the portfolio.
In addition, the Premier Conservative Portfolio may include some exposure to commodities and commercial property, as well as traditional equity collective investments covering both the UK and overseas markets.
Important: Investors need to refer to the Risk Warnings in this document and those contained in the Premier Portfolio Discretionary Agreement when considering their choice of portfolio.

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