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Premier league

Gartmore Investment is moving into the 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 Aim. It may also invest in unquoted companies listed on Ofex and those planning to be Aim-listed within 18 months.

The money raised initially will go into a portfolio of fixed-interest securities, high-yielding smaller companies and Gartmore funds. Within three years 70 per cent of the portfolio will be in Aim, Ofex and other unquoted companies, with the rest in fixed-interest securities.

Gartmore premier VCT focuses on companies across all sectors and will invest where the smaller companies team see opportunities for unexpected earnings growth.

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.

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