New Fund Sets Sight on European e-Commerce Surge

A recently released report by Financiere Rembrandt, a Paris-based investment management company, shows that Internet-related investment opportunities in Europe are set to make up for lost time in the next couple of years. The anticipated surge in European net investing can be attributed to the falling costs of PCs and Internet access abroad, with the online population estimated to reach 60 million by 2003, up from 33.9 million last year. The report also concluded that e-commerce growth in Europe will remain above 100% per year through 2003, offering investors the chance to cash in on the expected growth.

Financiere Rembrandt and Maryland-based Monument Funds Group are poised to jump on the European investment band wagon by co-managing the new Monument EuroNet Fund. U.S. investors will have the opportunity to invest in the mutual fund, which targets European Internet stocks. The fund will focus on key categories of services, such as network access and search engines, communications, such as Internet-focused media and phone companies, equipment, such as cable and fiber optics, Internet incubators and e-businesses in 15 European nations.