AIG Global Asset Management Company (India) has finally launched “AIG World Gold Fund” – an open ended Fund Scheme, which will invest in companies engaged in extracting, processing and marketing of gold.

The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of AIG PB Equity Fund Gold based in Zurich, which invests primarily in shares of gold mines worldwide with major investments in Canada.

The scheme will offer growth option and dividend option. The dividend option offers dividend payout and dividend reinvestment facilities.

For all first time purchases, the application must be for a minimum amount of Rs 5,000. For subsequent purchases, the application must be for a minimum amount of Rs 5,000 and multiples thereof.

The New Fund Offer will be open for purchase from 15 April - 14 May 2008 and will re-open for ongoing purchase/redemption no later than 12 June 2008.