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Barclays Global Investors launches third Tep fund

Barclays Global Investors is launching a traded endowment policy investment trust which is aiming to raise £30m.


BGIEF III will buy Teps that will mature between 2009 and 2013. The mid February launch will comprise a placing and offer for subscription which will close in early March.


Minimum investment is £2,000. IFA commission is 2 per cent.

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