abn amro fund to be run by atlanta-based fund management group
The ABN Amro North American Growth Fund, to be launched on 5 November, is to be managed by Montag & Caldwell, bringing its large-cap focus and investment process to the UK industry. The Atlanta-based fund management house, bought by ABN Amro Bank last year and as yet unknown in the UK, manages assets of around $22bn, a boutique by US standards focusing almost exclusively on large-cap US equities. The ABN Amro fund, which, like all of ABN Amro's growth funds will have an initial charge of 5%, an annual management charge of 1.5% and offer intermediary commission of 3% plus trail of 0.5%, ...
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