View more on these topics

Gartmore Sicav focuses on Europe

Gartmore has extended its Sicav fund range as the result of merging the Gartmore capital strategy fund range into the Sicav range.

The Pan European focus fund is one of nine new additions to the range, but as it is a new fund as opposed to a merged fund, Gartmore is making a special effort to market it to IFAs.

This fund will contain between 30 and 50 holdings and will be managed by Gary Clarke. Clarke is a senior investment manager at Gartmore and has previously managed European equities at Rothschild Asset Management and HSBC. Clarke currently manages Gartmores European focus fund, an onshore Oeic investing in Europe excluding the UK.

In common with the inshore fund, the Gartmore Sicav Pan European focus fund will have a concentrated portfolio of between 30 and 50 holdings. These holdings will be the fund managers best ideas for stocks which are likely to generate positive returns for investors. As the number of holdings is limited, the fund is likely to have a greater potential for growth and can react more quickly if market conditions change. However, the flip side of this is higher risks because there is less scope to carry weaker stocks.

The best ideas are generated by a screening process which looks at growth potential, valuation and earnings. Clarke will be supported in this by a team of analysts and he can also draw on the skills of other managers within the Gartmore group.

Data from Trustnet shows the Gartmore European focus fund is ranked 13th out of 97 funds over one year to March 29, 2005 in the IMA Europe excluding the UK sector. It produced a positive return of 24.2 per cent 7.5 per cent less than the top ranking Jupiter European special situations fund and 19.3 per cent above the bottom performing F&C European prime fund.


Sipp edge: John Heron

We can expect the tax efficiency of a Sipp to motivate a number of new entrants in the buy-to-let market, people who previously held back from the market.

Product Matters

The Mortgage Business has followed otherspecialist lenders such as Platform, GMAC and BM Solutions in sharpening up its rates.


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