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ABN AMRO launches pan-European Pep and ISA

ABN Amro Fund Managers is launching a Pan Europe Fund which aims to raise £25m.


The sterling-denominated unit trust will be run out of Amsterdam and concentrate on industry sectors.


The fund will be benchmarked against the MSCI Europe Index and will be available as a Pep and ISA from April.


It is aimed at IFAs, investment intermediaries and private client stockbrokers.


The initial charge is 5.25 per cent and the annual charge is 1.5 per cent. IFA commission is 3 per cent.


The three week fixed price offer period opens on February 9 and closes on March 1. A 2 per cent discount is available until the end of the current tax year.

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