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Gartmore SNT launches with £122m

Gartmore&#39s third Scottish National Trust, a split capital fund, will have initial capital of £122m as a result of a rollover from its predecessor.


The fund manager says it has attracted the largest investment in a split capital investment trust in 1998 to date.


Gartmore SNT fund manager Diane Wilde says: &#34We are delighted at the support for Gartmore SNT from existing SNT shareholders and from new investors. The past few weeks have proved to be an extremely turbulent time for world markets, but we believe from the current level of the UK market that we can deliver satisfactory long term returns for our shareholders.”

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