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Millennium service from Gerrard

Old Mutual subsidiary Gerrard Investment Funds has introduced the millennium global portfolio service.

The service is available for investors who have at least £30,000 and who are looking for an investment that gives them overall control of their investments but which takes the day-to-day management out of their hands.

Millennium global portfolio comes with five different strategies that depend on the needs of the client and their attitude to investment risk. These are global growth, growth, balanced, income and low-risk growth.

Clients will be able to choose from a varied spread of unit trusts, open-ended investment companies and investment trusts, as long as these are registered in the UK and are recognised by the Securities and Investment Board.

The Gerrard product is similar to the Premier x-cel portfolio, another discretionary portfolio management service. Both products offer access to unit trusts and Oeics and can be attractive to investors who want to spread the risk about by investing in as many areas as possible. But the Gerrard product has a lower minimum investment level of £30,000, compared to the minimum of £150,000 for the Premier product. It also allows access to investment trusts, which Premier does not allow. These two factors make it much more flexible than the Premier x-cel portfolio.

Of the 17 Gerrard unit trusts that are on the market at the moment, three are first quartile, four are second quartile, three are third quartile and seven are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to October 22, 2001.


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