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IFAs get access to leisure and sports fund

Swiss Investment banking house Svecia Group is launching its Global Sports Fund into the IFA market.


The fund invests in companies which derive a high proportion of their earnings from sport and leisure activities such as Nike, Adidas and BSKYB.


Chief executive Henrik Johnsson says: &#34Unlike other narrowly focused sports investment vehicles launched in the past, this is a diversified fund investing in grown-up sports and leisure businesses concentrating on companies such as Nike, Adidas and BSKYB.&#34


The fund has appointed Baring Asset Management Ltd as investment adviser. It has an initial fee of 5 per cent, an annual management fee of 1.5 per cent and IFA commission is 3 per cent.


The number for the IFA hotline is 01666 826 788.

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