The fund will be based on an investment framework which Credit Suisse Asset Management in New York h...
The fund will be based on an investment framework which Credit Suisse Asset Management in New York has been using for institutional investors but not yet for retail mutual funds.
The fund will have around 32% in the US, 14% in Japan, 10% in the UK and 6% in Germany. It will have some 30 non-US stocks and 20-plus stocks in North America.
Credit Suisse Global Focus will be available as an Oeic or an Isa. The initial charge is 5.25% and there is a 1.5% annual management charge. IFA commission is 3% initial and 0.5% renewal.
Ian Chimes, managing director of Credit Suisse Asset Management Funds (UK), said: "We are seeing that the market is moving towards global sector and global growth funds as it seems investors' appetite for risk and funds in this sort of area is increasing dramatically. We are looking to build up a track record for the fund and then market it heavily next year."
The fund comes in the wake of the launch of Credit Suisse's Global Post-Venture Capital fund earlier this month, which invests in global companies that have benefited from venture capital. The Oeic, which is to run with a portfolio of 100 to 130 stocks, will have no market cap restrictions and will also be run from New York.
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