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Gartmore jumps on the bond wagon

Gartmore is jumping on the bond wagon by launching a high yield corporate bond fund.


The fund offers an estimated annual gross yield of 7.95 per cent. It will primarily be invested in corporate bonds, with a range credit ratings.


The fund which is fully Isa-able has an initial charge of 3.62 per cent and an annual management charge of 0.75 per cent.


Initial commission is available at 3 per cent with renewal commission of 0.5 per cent payable for investments into Gartmore&#39s Global Isa.

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