View more on these topics

Gartmore concentrates on euro stocks

Gartmore

Gartmore Sicav Pan European Focus Fund

Type: Sicav

Aim: Growth by investing in European companies
Minimum investment: Lump sum euros 2, 500, monthly euros 100

Investment split: 100% in European companies

Place of registration: Luxemburg

Charges: Initial 5%, annual 1.25%-2% depending on fund performance

Special offer: Maximum annual charge reduced to 1.5%

Offer period: Until October 29, 2005

Commission: Subject to negotiation

Tel: 0800 212433

Gartmore’s Pan European focus fund is one of nine new additions to the Gartmore Sicav fund range. This fund will contain between 30 and 50 holdings and will be managed by Gary Clarke, who currently manages Gartmore’s onshore European focus fund.

Bright Financial Services sales director Paul Breaks thinks the fund is an excellent choice for those looking for additional European exposure through a concentrated portfolio.

He says: “This fund is looking for absolute returns with no style or sector bias. It is actively managed by Gary Clarke who has an excellent track record managing the European Focus fund. He is aided by Gartmore’s highly regarded European team.”

Breaks regards the product literature as clear and informative. However, considering the potential drawbacks he says: “Due to the concentrated make up of the portfolio the fund is likely to be more volatile than many of its peers.”

He believes the Fidelity European aggressive fund offers a similar concentrated portfolio with a very good track record and that this will provide the main competition.

In conclusion, Breaks says: “The fund should do well if the Gartmore European focus fund is anything to go by. The manager has demonstrated excellent stockpicking skills and has a very disciplined approach, which should suit the concentrated nature of this fund.”

BROKER RATINGS
Suitability to market: Good
Investment Strategy: Good
Charges: Average
Adviser remuneration: Average

Overall 7/10

Recommended

Winterthur launches discounted gift trust

Winterthur Life is launching a discounted gift trust for use with its onshore investment bond.The insurer’s investment bond can now be placed under a discounted gift trust arrangement with up to four lives assured.Winterthur says it is launching the product in response to increasing IHT liabilities among high net worth individuals.

Tenet networks take over at top of league

Tenet networks have taken over from Berkeley as the most popular network with members, according to research by Henry Samuels Marketing Services.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com