SGAM launches US Value fund

Societe Generale is launching an onshore mirror of its $5bn large-cap, US value fund after falling t...

Societe Generale is launching an onshore mirror of its $5bn large-cap, US value fund after falling to gain a foothold in the UK with its offshore counterpart. As a Luxembourg Sicav, SGAM US Relative Value has raised $5bn in assets since launch in July 2001, making it the most successful fund in its offshore range. However the vast majority of inflows have come from European investors with just $50m of assets flowing in from the UK. The launch period for the UK Oeic will run from 26 to 28 November and be discounting the initial charge until the end of the year. * For more information...