Our private clients value our dynamic approach to asset allocation, our strength in selecting outside investment managers, and our unique style of portfolio management. The new Wilmington Funds allow us to extend our distinctive investment management talents to more investors.

248

Our general feeling is that we will see continued moderate advances in equity prices, with earnings being the driving force, offsetting potential increases in short-term interest rates.

211

Earnings are likely to continue to become more favorable, and I believe that will counteract the negative effect of rising rates to provide for higher stock valuations by year-end.

170