Credit Suisse Asset Management has introduced the global focus fund.
Set up as an open-ended investment company, the fund has been designed for experienced investors who are looking for aggressive growth in global companies and who are prepared to put up with high risk.
Global focus will invest in between 50 to 60 of the best performing stocks in the world, which will be identified by a 25-person strong research team in New York. These companies will be spread about the world, with no specific geographical or sector breakdown and will be chosen because of their potential for growth.
The funds' initial charge of 5.25 per cent is high when compared to some of the other products available on the market in its sector. The global champions fund from Aberdeen Asset Management, for example, has an initial charge of 4.25 per cent.