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Julian Gibbs

One of my favourite fund management groups, Aberdeen, is shortly

to launch a Global Champions fund, which will invest in the shares

of companies which

have profit centres throughout the world or are leaders in innovation

or communication.

Some of these, such as AOL/Time Warner, cover all these categories. Its share price has increased every year for the past five years by an average of 98 per cent.

The shares of Cisco Systems, which is highly innovative and benefits from the worldwide expansion of communications, have increased

in value by 84 per cent

a year on average over the past five years.

Other leaders, such

as General Electric of America, Intel, Nokia and Nortel, have shown returns of 40 per cent

a year or more.

I believe these sectors, and these companies in particular, will continue to prosper – and a fund with top-performing managers should prove a winner.

The fund will be managed by Katherine Garrett-Cox, who recently joined Aberdeen with her team from Hill Samuel.

At Hill Samuel, she and her team managed North American funds with great success, more than doubling investors money over the past three years.

The Global Champions portfolio will invest mainly in US shares but the European shares will include Deutsche Bank, Ericsson, Alcatel, Nokia and Altradis.

Aberdeen is determined to build on the success of its technology and fixed-interest funds as well as those of most of its UK funds and its superbly run Aberdeen Frontier Markets fund.

I am a great believer

in fund management companies which have the courage to hire some of the best fund managers in the UK.


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