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R&SA launches European fund

Royal & Sun Alliance Investments is launching a European Prime fund, which will be aggressively managed and aim to give above average performance to investors prepared to accept a higher degree of risk.

The fund will be managed by Davina Curling, who joined R&SA in 1995 after spells with Kleinwort Benson and Nikko Capital Management.

Minimum investment is £1,000 or £50 a month. Annual charge is 1.5 per cent dropping to 0.5 per cent, and initial commission s 3 per cent with 0.5 per cent trail.

R&SA investment management managing director Robert Talbut says: “The key to this fund is that it will distil around 30 of our best ideas to optimise the risk return position at any given time.”

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