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Killik urges move to blue chips

Killik & Co is advising investors to check the quality of their share holdings and to buy defensive stocks.


In its monthly report, it says: &#34Buying in dips, especially in blue chip stocks which have strong fundamentals and which have seen their high


rating drop towards fairer levels, should yield long-term benefits.&#34


The firm also advises investors to adopt a defensive strategy. At least 20 per cent of a portfolio should be in bonds complemented by defensive stocks such as BP and British Telecom.


The firm recommends the following asset allocation: 20 per fixed interest, 50 per cent core blue chip, 10 per cent small and mid cap, 5 per cent technology and 15 per cent overseas securities.


It also says that larger investors should consider investing in low risk hedge funds.

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