RaboDirect launches two new investment funds (April)

RaboDirect, Europe's largest online bank, has launched two new investment funds, the Henderson Horizon Global Property Equities fund and the Henderson Horizon Pan European Smaller Companies fund. As with all RaboDirect investment funds, the minimum investment is only €100 with the fund provider's management fee of 1.2% per annum for each funds included in the daily fund price. Entry fees and exit fees are 0.75% and investors can exit the fund partially or in full any time they like, as there are no additional early encashment penalties or switching costs.

The Henderson Horizon Global Property Equities fund is a medium to high risk fund with an A rating from Standard & Poor's. The fund has achieved a discrete year performance figure of 42.4% to the end of December 2006. The Henderson Horizon Pan European Smaller Companies fund is a high risk fund and has a 4 star rating from Morningstar. The fund has achieved a discrete year performance figure of 38.5% to the end of December 2006.

Launched in January 2005, the Henderson Horizon Global Property Equities fund seeks long-term capital returns through exposure to the global property market. The largest portion of the fund is invested in the US (32.7%) followed by the UK (16.8%), Japan (10.8%) and Australia (8.0%).

Launched in August 1993, the Henderson Horizon Pan European Smaller Companies fund seeks long-term capital appreciation through investing at least two thirds of its assets in the share of European companies which are within the bottom 25% of their relevant market by way of market capitalisation. The fund's key investment focus is Industrials (31.4%), Financials (18.6%), Basic Materials (12.8%) and Technology (9.5%). The fund's largest holdings are in Bauer (3.4%), A-tec Industries (2.8%) and Acta Holding (2.3%).