Premier Portfolio Managers has launched a European ex-UK fund denominated in euros. The European 100...
Premier Portfolio Managers has launched a European ex-UK fund denominated in euros.
The European 100 Fund forms part of the group's Luxembourg Sicav and is a mirror version of a UK domiciled portfolio as well as a Dublin-based vehicle.
The Luxembourg fund will provide a diversified European investment through the top 100 companies in Europe, including Switzerland and Scandinavia but excluding the UK.
Jonathan Fry, managing director at Premier, said: "The success of the UK-based Euro 100 Fund to date is due to the sheer size and strength of the companies we invest in and the European integration and mega-merger activity which we are predicting will continue over the next few years."
The £3.3m UK-based Euro 100 Fund was launched in March this year.
According to Micropal, over three months the fund was ranked 49 out of 96 and rose by 4.6% compared with an average rise of 4.8%.
The Sicav has an initial charge of 5% and an annual fee of 1.5%. Commission is 4% initial and 0.5% renewal.
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