Gerrard reverses recommendations on ABN Amro funds

Following the announcement of the merger between ABN Amro and Artemis, stockbroker Gerrard has reversed its previous "sell" recommendations on ABN's main UK funds. The funds affected are the UK Growth, UK Select Opportunities, High Income and Equity Income. Gerrard put a sell note on all of them after the acrimonious departure of previous star fund managers George Luckraft and Nigel Thomas. However, the broker now says the "managers at Artemis have proven ability in managing similar mandates and therefore must be given the opportunity to continue their good track record". ...