Credit Suisse Asset Management announced its flagship US equity fund, the Transatlantic Fund, has...
Credit Suisse Asset Management announced its flagship US equity fund, the Transatlantic Fund, has exceeded the half billion pound threshold. The news comes against the poor recent performance of global markets, however, CSAM is optimistic recent monetary stimulus by the US's Federal Reserve and major central banks will help engineer a global recovery in the second half of 2001.
The Transatlantic Fund has grown 279.32% since its launch in January 1994 and has outperformed the North American sector average of 165% over the same period.
Commenting on the outlook for the US, Ian Chimes, managing director of CSAM Funds said: "We are encouraged despite recent market volatility, investors are continuing to recognise the investment potential of US equities. However, I still believe that American equities have been friendless amongst UK investors for too long.
"The recent market correction and the new flexible PEP and ISA regulations present an ideal opportunity to re-allocate funds to the American market."
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