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The fund - At �2.5 billion it is the biggest global growth fund and has 11,000 investors.
Back in the nursery, we learnt that one little pig built with straw and when the wolf came along his house was blown over with ridiculous ease. The little pig that used sticks fared no better; the wolf needed only to huff and puff and his wooden house fell down. If the pig that built his house from stone had done so over the past 18 months, I can't help feeling that, instead of a happy outcome, a similar fate would have befallen him too.
The pundits who thought that Europe would suffer less than other regions in the global downturn have been proved wrong. Countries such as France and Germany - the powerhouses of Europe - have not turned out to be as resilient as expected. Although their economies were not as heavily indebted as those of the US and UK, they have suffered badly in the fallout from the credit crunch.
In July 2007 I contacted my Barclays Premier Life bank manager to arrange a remortgage on a property I own outright. The application was filled in over the phone, sent to me and I signed and returned it.
