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GAM launches American fund

Global Asset Management is launching its Star American Focus fund today, with a 2 per cent discount on applications received by October 5.

GAM put back the launch by a week after the US attacks, and says its decision to launch so soon after the disaster is designed to give investors the opportunity to benefit from any upturn in the US equity market.

GAM Star Focus will invest in large and mid-cap US equities and will be managed by James Abate, former managing director and portfolio manager for Credit Suisse Asset Management&#39s US Select Equity portfolios.

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