View more on these topics

Gartmore takes AiM

Gartmore Investment is moving into the venture capital trust (VCT) arena with the Gartmore premier VCT.

The VCT&#39s objective is long-term capital growth and income by investing mainly in developing companies listed on the alternative investment market (Aim). It may also invest in unquoted companies listed on Ofex and those that plan to be AiM-listed within 18 months.

The money raised initially for this VCT will first go into a portfolio of fixed-interest securities, high-yielding smaller companies and Gartmore funds. It is intended that within the next three years, 70 per cent of the portfolio will be in AiM, Ofex and other unquoted companies while the rest remains in fixed-interest securities.

Gervais Williams heads up the smaller companies team that will manage this VCT. Williams joined Gartmore in 1993 and is currently managing Gartmore UK & Irish smaller companies unit trust.

Gartmore premier VCT focuses on companies across all sectors and will invest where the team see opportunities for unexpected earnings growth. The team will assess promising companies by conducting face-to-face meetings with companies and will also rely on its existing relationships with corporate brokers.

Investing in Aim-listed stocks is less risky than investing in companies at an earlier stage of development, but opportunities for investment may be difficult to find with other VCTs vying for the same stocks. The VCT may be risky for cautious or inexperienced investors. However, some investors may consider it as a small part of their existing investment portfolios.

According to Standard & Poor&#39s, the Gartmore UK & Irish smaller companies fund is ranked 24 out of 69 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to October 15, 2001.

Recommended

VERITY&#39S VIEW

The Government seems to have failed in its plan to get every company with more than four staff to assign a stakeholder pension provider. Last week, the ABI released figures showing that, by the end of August, little more than half of the 300,000 relevant companies (on its estimate) had assigned a provider.The ABI thinks […]

Scotland international Chris Paterson celebrates

Scottish Mutual has teamed up with the Scottish Rugby Union in a six-figure deal to sponsor its autumn international tests.The sponsorship deal, which will run until 2004, includes pitch, scoreboard and ticket branding as well as VIP hospitality opportunities.The deal also includes a package to support grass-roots rugby whereby every child who attends a Scottish […]

J O Hambro Capital Management – JOHCM UK Emerging Companies Fund

Friday, 19 October 2001.Type: Oeic.Aim: Growth by investing in UK equities.Minimum investment: £2,500.Place of registration: Dublin.Investment split: 100 per cent UK equities.Isa link: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial up to 3 per cent.Tel: 020 7747 5646. 

IFAs warn public may be misled as FSA issues tables

IFAs have accused the FSA of encouraging investors to seek lower-charging investments despite industry warnings that cheaper charges do not equate to good performance.The publication last week of the FSA&#39s unit trust and Oeic comparative tables initially for UK growth funds has led IFAs to accuse the FSA of contradicting its own mission statement of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com