View more on these topics

Gartmore cuts US fund charge

Gartmore is aiming to attract investors to the opportu-nities presented by a potential comeback in the US economy by offering a 2 per cent discount on its initial charge of 5 per cent for its US fund.

The fund firm is also offering a discount on its headstart scheme for children. Until August 29, lump sum investments will be free of the usual 1 per cent dealing charge.

The deal on the US fund, managed by Simon Melluish and Ben Walker, applies to all lump sum investments and runs until August 31. Gartmore says the £91.2m fund has achieved either first or second quartile rankings in eight of the last nine years.

There is an annual charge of 1.5 per cent on the fund which focuses its investments on large cap growth companies based in North America.

The headstart plan invests across five Gartmore investment trusts – European, fledgling, Irish growth, global trust and smaller companies. Investors will only pay a 0.5 per cent stamp duty on the package while the deal applies.

Melluish says: “The US market seems to have been bottoming out over the last six months. We hope to see better economic news coming through now the Iraqi conflict is drawing to a close, to support the move that we have seen in the markets.”


Personal Touch&#39s Allison promoted to md

Non-regulated network Personal Touch Insurance has announced the promotion of strategic development director Mike Allison to managing director. He replaces Martin Wilson, who is to take up the role of chief executive. Allison had been in his previous post since April, 2002 where Private Touch says he has been responsible for the growth of the […]

AIG Life adds to fund range

AIG Life has promoted ten specialist investment funds to its best of breed Active Access fund range and demoted four others for under performance or different investment objectives.The provider says the changes bring the total available in the external fund links range to 79 all of which it says have been selected to give professional […]

Pru is set to slash range to focus on profitable clients

Prudential intends to scale back dramatically on the number of its products and focus its marketing efforts on what it claims are profitable client segments.The company will simplify its product range from its current 770 products to develop a simpler range in four areas – annuities, bonds, group pensions and Isas – which will be […]

nvesta – Super Tracker 35 Plan

Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£2m, £7,000 Isa Term: Six years Guarantee: Original capital returned in full provided index does not fall by more than 40% and returns to at least its starting level Return: Between 35% and 100% growth at end of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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