Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Gartmore waives Fledgling charges

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter