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 On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter