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Strategy quartet for Gartmore

Gartmore has unveiled its four long-awaited multi-manager funds.

It has taken nine months developing its multi-manager portfolio since taking on the former Insight fund of funds team.

The portfolio, which is managed by Bambos Hambi and Marcus Brookes, will have two new core managed funds and two high-alpha funds.

Gartmore will also be launching a portfolio service including a regular withdrawal service, Isa conversion facility and online valuation, which will be available to clients investing £10,000 or more.

The new funds in the Gartmore portfolio are cautious strategy, active strategy, UK high-alpha strategy and the global high-alpha strategy fund.

The original fund in the Gartmore portfolio, balanced strategy, was recently given an AA rating by Standard & Poor&#39s.

The cautious strategy Fund aims to achieve a long-term return via a combination of capital and income returns by investing in collective schemes such as the UK bond, UK equity income, property funds and cash. It will be compliant with Ucits 3.

Active strategy aims to achieve an above-average level of sector relative performance by investing in a range of funds with potential high performance in UK and global equities.

UK high-alpha strategy and global high-Alpha strategy fund have the same goals but will be invested solely in UK equities and global equities respectively.

Hambi and Brookes think that because these last two funds are not constrained by benchmarks, they should be able to achieve superior performance in all market conditions.

Brookes says: “What is important with any multi-manger portfolio is that the funds are named so that investors know precisely what they are trying to achieve.”

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