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Gartmore waives Fledgling charges
Markets
by Laurence Fletcher on May 06, 2005 at 11:59
Gartmore is waiving the initial charge on its Fledgling investment trust for the next two months.
Until Thursday 30 June, the 3% initial charge will be waived on all lump sum investments into Gervais Williams and Andrew Russell's Gartmore Fledgling Trust made through the Gartmore ISAit scheme.
Williams commented: 'The UK economy remains stable compared with the economies of many Western peers. UK interest rates stand well above those of other major economies, providing scope for interest rate cuts if world growth slows more than currently anticipated. This provides a supportive backdrop to the share prices of more domestically-focused smaller companies.'
Gartmore Fledgling stands on an 8% discount to net asset value, compared with its average 10% discount over the past 12 months and an average current 14% discount among trusts in the UK Smaller Companies sector.
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