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Goldfish to sell Gartmore funds

Online and telephone bank Goldfish is to offer its customers the

chance to invest in three Gartmore funds.

The bank claims the move aims to build on the success of its savings

account introduced last June – its first foray into the investment

market.

The three Gartmore funds are its cautious managed, monthly income and

UK index. Each of the funds are Isa-able and will be available

through Goldfish with immediate effect.

Cautious managed, which is run by former Investec manager Chris

Burvill, has a 3.5 per cent initial and 1.25 per cent AMC. Monthly

income has a 1.5 per cent initial and the same 1.25 per cent AMC,

while the UK index has no up-front charge and a 0.5 per cent AMC.

The first two benefit from a 1 per cent reduction in the initial

charge until April 30.

The cautious managed fund aims to provide income and long-term

capital growth through investing in a spread of equities and bonds.

The monthly income aims to provide a high level of income by

investing in bonds and other securities while the UK index tracks the

FTSE All-Share Index.

Goldfish marketing director Charlie Herbert says: “We believe the

funds will allow our customers to choose an appropriate level of risk

and start saving for the futures they want.”

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