RSAIF adds GAM fund

Royal & SunAlliance International Financial Services (RFSAIFS) has added the $1.3bn GAM Japan fund to its stable of mirror funds based on the Isle of Man. RSAIFS made the fund available across their entire range of life and insurance products on 6 December 1999. The underlying fund, which is denominated in dollars, has an annual management charge of 1.5%, which is added to RSAIFS's charge, for the particular life or insurance product. Since it was launched in 1985, the fund, managed by Paul Kirkby, has consistently outperformed the Tokyo Stock Exchange Index by 10% pa on average over the ...