Gartmore halves charge on ISAit

Gartmore is halving the initial charge on its investment trust 'ISAit' product. Until the end of April for minimum investments of £3,000 the charge will be 1.5%. Intermediaries will receive full commission of 3% and 0.5% trail, writes James Thorneley. The offer applies to all 14 Gartmore-managed investment trusts. So far during 1999/2000 the group said investors have been favouring Gartmore European, managed by Roger Guy. Over the three years to 2 February the £250m trust is ranked four out of 12 in the Micropal European peer group. During the period its share price rose by 139% compared t...