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SVM launches UK Oeic

SVM Asset Management is allowing investors to access three of its mainstream funds through the launch of its first UK Oeic from September 30.

The funds – UK opportunities, UK100 select and continental Europe – were previously only available offshore. They will be marketed to the UK with 1 per cent or 0.95 per cent discounts on lump sum investments until October 17.

Managing director Colin McLean says: “Despite the poor returns of stock markets over the last few years, an investment SVM UK opportunities fund has seen £1,000 invested increase to £1,280 for the period since inception in March 2000 up to August 2002.”

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