Gartmore has launched a Luxembourg-domiciled Sicav to allow it to market its best funds, including R...
Gartmore has launched a Luxembourg-domiciled Sicav to allow it to market its best funds, including Roger Guy's Continental Europe Fund to the Continent.
The Ucits qualifying umbrella will initially contain five sub funds although more will be added later.
The other four sub-funds are the Pan European Fund managed by Ann Steele, the European Smaller Companies headed by Jonathan Sharpe, the Japanese fund run by Nick Reid and the Emerging Markets portfolio managed by Chris Palmer.
Gartmore sees the Sicav as complementary to its Jersey-domiciled umbrella, Gartmore Capital Strategy Fund Limited.
The Gartmore Sicav will run euro share classes on all the sub funds. The group's main focus in Europe up to now has been in Sweden and Germany, but the launch of the Sicav will allow it to grow into other parts of Continental Europe.
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019