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American Express Asset Management's Advisory European Equity Market Neutral Fund was launched near the bottom of global equity markets, on 1 September 2001, focusing on investing in European equities including the UK of firms valued at a minimum of E1bn.

After the fund's three-strong investment team conduct fundamental research investments are made in the stocks selected, keeping the portfolio strictly market neutral with most of the investment risks hedged out.

The fund, which is still open,