Global Investments
International Limited

Firstly, Happy New Year to all our clients and readers old and new around the globe. I do believe that 2003 will be "more equitable" for most of us, but the correct positioning of your investments will be crucial...

What do you require this year, is it capital protection and/or protected growth for your money or perhaps low unit/stock prices with short, medium or long-term growth potential, going "short or long" in the markets. Well, we all want one or more of the above or perhaps a combination of them all. This is why Global Investments has been here for the last nine years, offering independent offshore financial advice to Expatriates living and working in foreign lands. Below are two funds that offer very different Investment strategies.but you do need to contact us to find out more!

Merrill Lynch IIF World Gold

This fund can be accessed through Zurich International products, Isle of Man.

Zurich International Guaranteed Accumulation Funds

MONTHLY FUND PERFORMANCE REPORT
JANUARY 2003

Overview
As is usual for the time of the year, completion activity in the property market was subdued last month and is expected to pick up once more as the New Year holiday ends. Indeed, the Directors have been working closely with the Property Advisers to identify key target properties all of which will represent excellent value if offers are accepted. Announcements regarding purchases are expected in next months report.