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 Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter