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Gartmore bows to Japanese market

Gartmore Investment Management has introduced the Gartmore Japan focus fund.

The fund is a unit trust that aims for long term growth by investing in the 30 best stocks in the Japanese market, based on what the fund team regards as being good growth prospects. It will not concentrate on a specific investment area or sector.

Japan focus will be higher risk due to the fact that it will invest in a concentrated portfolio of stocks. Gartmore is targeting the fund at investors who already have a balanced portfolio and who are looking for a more speculative fund.

Following the boom of the 1980s Japan has been struggling to recover from a prolonged economic depression for the best part of a decade. Last year it was hoped that the economy was growing again, but this has been hit by fears of another downturn.

According to Standard & Poor’s the Gartmore Japan growth fund is ranked 23 out of 69 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to January 22, 2001.

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