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Credit Suisse to focus on world&#39s top 50 stocks

Credit Suisse Asset Man agement is aiming to invest in the world&#39s best-performing 50 stocks, regardless of sector, size or geography.

The global focus fund will look to hold a tight port folio of 50 to 60 stocks. It will be managed from New York by Credit Suisse managing director Scott Lewis and director of international equity Vin cent McBride.

Minimum lump-sum inv estment is £1,000 or £50 a month. Initial charge is 5.25 per cent and annual 1.5 per cent. Com mission is 3 per cent initial and 0.5 per cent trail.

The fund has been laun ched with a small amount of seed money and has opted for a quiet launch. The company is aiming for the fund to build some strong performance before it makes a strong play in the UK.

Managing director Ian Chimes says: “Global focus offers investors the opportunity to diversify risk by cherry-picking the most successful global companies in our existing fund range and grouping them together into a top-performing fund.

“Growth potential is enhanced by bottom-up stock selection, unconstrained by geographical boundaries, sectors or size. We aim to build a fund that maximises inv estors&#39 potential for long-term gains with low dis app oint ment risk due to the high degree of diversification.”


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FSA proposes early introduction of compensation scheme

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