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SocGen arm setting up income fund

Dublin based Societe Generale subsidiary Inora Life is launching a new dynamic income fund in its Offshore Generation Bond series.

The fund with a minimum investment of £6,000 launches on June 11 and closes on July 20 will be distributed solely by IFAs.

Inora Life says the fund is linked to stocks carefully selected to provide potential for the best possible performance in all market conditions, including BP Amoco, Nestle and Glaxo Smith Klein.

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