Newsletter 3

Dear Friends,

It has been a while since the last time when we bothered you with a Newsletter. However time keeps rolling and new developments in the area of our common interests are occurring. This newsletter is somewhat a bit delayed, but still have a little rest and learn about the latest occurrences in the financial world. For starters there is a short overview of which has a certain probability of facing the same debt crisis as Greece. For the main course, enjoy an extensive review of Brazil, a gigantic emerging economy that is bound to become one of the most influential powers in the next decade.

With no more ado, find the newsletter attached.

Yours sincerely,

The Investment Fund board

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