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National Mutual go mega for giant fund

National Mutual’s new Mega 500 fund has been brought in on the back of the new Worldtop 500 index.

The index will track the performance of the 500 largest companies in the world. National Mutual is aiming the product at managers of pension funds and administrators of small self administered schemes who are looking for more exposure to global companies.

Mega 500 will be externally managed by investment specialists State Street Global Advisors, who will be aiming to outperform the Worldtop 500 index.

Although the Mega 500 fund is still new, by investing in a wide range of geographical areas and sectors covering some of the largest companies in the world, this should help to spread the risk about.

According to Standard & Poor’s the National Mutual global equity managed fund is ranked 100 out of 165 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to November 27, 2000.


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