Gartmore is launching a new fixed income fund investing in bonds and other securities and focusing on capital security.
The Gartmore Monthly Income Fund will be run by senior investment manager Eran Peleg, a member of Gartmore's 20-strog fixed income team.
The fund anticipates income of 7.5 per cent a year, with a minimum investment of £1000 or monthly payments of £50. It is available as a unit trust, Isa or Pep-transfer, with initial charge of 1,5 per cent and pays 3 per cent commission and 0.5 per cent trail. The offer period extends from February 8 to February 28, 2002.