EBS Asset Managers has announced the launch of the new Summit Global Leaders Fund. The new fund from EBS Building Society's managed funds subsidiary adds to the range of funds available, which already includes balanced, growth and technology.

Ms Sarah Loftus, general manager of EBS Asset Managers, said that the Summit Global Leaders Fund would only invest in large companies with a worldwide presence and a market value of more than $10 billion (€11.6 billion).

"Due to their size and market leadership, these global blue-chip companies are usually dominant players in the world economy and, therefore, offer significant investment opportunities," she said.

As with the full range of summit funds, there are no entry charges when you invest your funds and no exit charges.