Selector High Conviction Equity Fund

December 2008 Quarterly Newsletter

In the December 2008 Quarterly Newsletter, we examine the Surf apparel industry and use Billabong as a case study. We also look at the year that was 2008, and peer forward to see what 2009 will hold.

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Unauthorised use, copying, distribution, transmitting, publication, display, or reproduction in whole or in part of the information contained in this material is prohibited without prior written consent from Selector.