Gartmore £442m rollover portfolio

Gartmore's UK Select Opportunites fund is to be rolled into the group's UK Growth unit trust on 19 October. Both portfolios are managed by Eric Moore and have similar investment mandates, namely to provide capital growth. At current NAV levels, the result will be the creation of a £442m portfolio, with £156m from UK Selected Opportunities going into the £286m Growth fund, providing there are no redemptions. The merger, which follows unit holder approval granted on 28 September, takes place at the same time that the £63.6m Gartmore Global Balanced Fund rolls into the smaller £38.6m Global...