VAM Funds launches sterling and euro share classes

Michael Hunt, managing director of VAM Funds, says the share classes will allow existing investors to lock in current strong dollar gains on their investment. "Whilst it is possible that there may be further movement in US dollar in the short term, we believe now is the time to lock in any currency gains for sterling and euro investors," he says. Over the past year, the US dollar has strengthened relative to sterling from $2.10 to £1.00 at the beginning of November 2007 to $1.42 to £1.00 as of this week. During the same period the US dollar has strengthened relative to the euro from $...