Meet the Conchiglia Property Fund

Oil prices at or above $50 per barrel for more than three months have cooled economic growth and pushed up inflation, leaving the world's central banks in a quandary and prompting investors and economists to scale back expectations for higher interest rates this year.

``The fact that oil prices are persistently high is part of the picture for a number of months now,'' the ECB's Trichet said May 4. ``Some of the downward risks to economic growth identified earlier, in particular those related to persistently high oil prices, appear to have partially materialized'' in the euro region as a result.