BNP Paribas offers Millenium tracker fund

The fund, which is not capital protected, will offer daily liquidity dealing at the net asset value with no exit fees or bid-offer spreads. Credit risk to teh French bank is mitigated by the posting of G7 AAA-rated bonds as collateral. The fund has two share classes. Class A shares (retail) has an initial charge of 4% and an annual fee of 1.5%, while Class B shares (institutional) has an initial charge of 1% and an annual fee of 0.75%.

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