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Asia the target for Premier fund

Premier Portfolio Managers is expanding its range of offshore funds with the PII Far Eastern Fund.

The fund is a Luxemburg based SICAV and is aimed at investors who are looking for capital growth by investing in the Far East. It will go for a range of stocks and shares, bonds and warrants from countries in Asia and Australasia, excluding Japan.

Premier feels that Asia is continuing its economic recovery from the widespread depression of the 1990&#39s and therefore offers good growth potential for the future. But although many of the countries in the area are economically strong, some countries, such as Indonesia, are still politically unstable and this might create unreasonable risk for some investors.

According to Standard & Poor&#39s the Premier world 100 fund is ranked 81 out of 280 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to November 27, 2000.

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