Word: valeurop
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...European countries headed by Brussels' Banque Lambert set up a mutual fund, EURUNION, in Luxembourg, where mutual funds are exempt from taxes. Spreading its investment among 93 Common Market companies, EURUNION has increased its assets from $12 million to $33 million in two years. EURUNION's archrival, VALEUROP, which is run by another syndicate of banks including the Amsterdamsche Bank, Banque de la Société Générale de Belgique and the Deutsche Bank, also boasts a spectacular record: $100 invested in VALEUROP 18 months ago is now worth...
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