SG unveils US retail unit trust

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SG Asset Management this week launches a US unit trust for the retail market, run by Alan Torry. ...

SG Asset Management this week launches a US unit trust for the retail market, run by Alan Torry. The SocGen American Growth unit trust is based on the group's existing institutional US portfolio. In addition to Torry, the SG North America team includes Sam Mercer-Nairne and Takouhi Tchertchian. The fund offers 3% initial commission and 0.5% renewal for Isa and Pep investments. It has a 5.25% initial charge and a discount of 2% is available in the form of bonus units during the launch period, which runs from 11 June until 29 June. The annual management fee is 1.5%. While the primary f...

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