GAM launches delayed US equities fund
UK/US Global Asset Management (GAM) has launched a new Dublin domiciled large and mid-cap US equities fund, GAM Star American Focus.
The new fund will be benchmarked against the S&P 500 and has a minimum investment level set at €5,000.
The fund was originally earmarked for launch on the 17th September but was postponed as a result of the terrorist attack on New York the previous week. It has already received an ‘AAA’ rating from Standard & Poor’s.
The launch will come with the added bonus of a 2% discount on the initial charge for all applications received by October 5th.
The fund’s portfolio will be built around 35-50 stocks and subject to concentrated risk control discipline and techniques designed to protect it from volatility.