The fund was launched on Friday by Stanley Gibbons Group, the renowned world authority which has been trading in stamps for 150 years.
The London Stock Exchange-listed company is aiming to achieve a minimum return for investors of ten per cent a year.
Investment in the Stanley Gibbons Rare Stamp Investment Fund will be for a five-year term.
The first tranche is open for subscriptions until 23 December 2005 and the proceeds of the subscriptions will be used to acquire and trade in stamps from around the world.
At the end of the five years, the stamps will be sold and the proceeds distributed to investors.
The company says that the current low interest rate and low inflation environment provides ‘advantageous conditions’ for investment in stamps compared to mainstream investments, and that stamps have proved to be ‘consistent and reliable’ in the long term.
