RSA Investments will launch its 30-stock Global Prime fund after April 2002, following the launch of...
RSA Investments will launch its 30-stock Global Prime fund after April 2002, following the launch of European Prime this October, writes Fiona Henderson.
A series of small roadshows and meetings are scheduled for September 2001 to promote the European Prime fund, according to William Russell, director of retail funds at RSA Investments.
He said: 'Global Prime is a slightly different launch as there is no obvious person to step into the role of lead fund manager, as there was with Felton for UK Prime and Curling for the European Prime.
'With the global fund we will also have to think about how we approach the fund management. We have added to the global analysis team with Rupert Potter who joined last month and will probably add a couple more to the team.'
All other funds in the group are managed on a geographic basis.
Russell said: 'What will probably happen is that there will be one person responsible for the fund with a team of specialists. There is already a focused UK and European team, and the North American fund is fairly condensed and holds about 50 stocks, so it will have some input into Global Prime.'
The company is also promoting its Sicav range and is looking at launching a replica of its existing onshore Extra Income Bond fund.
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