Burvill to run cautious fund at Gartmore

Gartmore is to launch a cautious managed fund to be run by Chris Burvill who joined from Investec this week. It is expected the fund will be launched at the end of January next year and will fill a gap in the group's product range. Currently Gartmore does not have a fund in the cautious managed sector unlike competitors Jupiter, Threadneedle and Framlington. The cautious managed fund will be managed along the same lines as the Standard & Poor's AA-rated Investec Cautious Managed Fund under Burvill's tenure. The portfolio will be 60% invested in bonds and 40% invested in eq...