Royal & SunAlliance International is adding three new European fund links to its mirror range of offshore funds.
The new funds are all euro-denominated. RSAIFS now has five euro funds within its mirror range. Two of the new funds will be externally managed.
The new links will allow RSAIFS customers access to the Fidelity Euro Bond fund, the Thames River European fund and the RSAIFS Euro Deposit fund.
The Fidelity Euro Bond fund which was established in 1990, invests primarily in bonds issued by European Monetary Union member countries.
Prior to EMU, the fund had concetrated on bond issues from all European countries.
The Thames River European fund is run by new investment management group Thames River Capital which was founded in 1998. The fund focuses on acheiving capital growth through investment in large cap European stocks. But investment in bonds and warrants will be considered.
The RSAIFS Deposit fund provides investors a secure home for their money. It will invest in euro money market deposits.
The mirror fund selection is available across RSAIFS range of offshore products.