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Gartmore streamlines unit trust range

Gartmore is to take advantage of the Government&#39s stamp duty exemption period to streamline its retail unit trust range.


Gartmore was bought by NatWest in April 1996 and plans to amalgamate certain funds, re-name others, introduce accumulation units and standardise the charging structure.


The proposals will reduce the number of retail unit trusts from 35 to 28 by June next year.


Head of retail marketing at Gartmore Charlie Ricketts says: &#34The introduction of accumulation units on the majority of funds is a simplification enabling a straightforward choice to be made between income and growth investment.&#34

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