You are a new Irish based portfolio manager serving international clients. You have

500 million of capital to invest and are currently formulating an investment and asset

allocation strategy.

Assuming your investment holding period is medium term (5 to 7 years), outline how

you would construct your portfolio and apportion capital to various assets.

Please outline your overall investment philosophy and general viewpoint on potential

returns during the holding period.

In terms of specific allocation please indicate the reasoning behind the asset selection.

considering you are a moderate investor