Gartmore launches its new Stable Growth fund today, investing in zero dividend preference shares.
The fund, managed by Richard Prvulovich, aims to achieve long term capital growth at minimal risk, with an estimated gross redemption yield of 8.4 per cent.
The minimum investment is £1,000 or £50 a month. The initial charge is 1.5 per cent, with an annual management charge of 1.5 per cent.
The fund has a monthly withdrawal facility for investors with more than £10,000 in the fund.