Fund Description

The fund was incepted in June 2000 and is managed by American Express Financial Corporation. The fund seeks capital appreciation. The fund is a non-diversified mutual fund that primarily invests in equity securities of European companies with growth potential. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of European issuers. Although the fund emphasizes investments in developed countries, the fund may also invest in companies located in developing or emerging markets. The fund offers dividends annually and capital gains, if any are distributed by the end of the calendar year.