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Global version of UK special sits fund
Simon Adler and Nick Kirrage to take up management duties
Zero transaction costs are a concern
Backed by the FCA
Dow Jones sees third largest gain in history
Net sales of £7bn
Launches Defensive and Cautious sustainable funds
Relates to subprime lender's Vanquis Bank subsidiary
Previously available for institutional investors
From top holding to 1% in 12 months
