Major houses discounting flagship funds

Credit Suisse, Insight Investment and Gartmore have all discounted flagship products.

Credit Suisse has extended the 1% discount on all lump-sum Isa investments into the income funds run by Bill Mott and Leigh Harrison, as well as other portfolios in its Oeic range, until 5 October 2003.

Over three years to 21 April 2003, Mott's Monthly Income and Income funds are ranked one and two out of 74 in the UK Equity Income sector, returning 10.9% and 10.8% respectively, against a peer group average of -18.9%, offer to bid, according to data from Standard & Poor's.

Insight has introduced a 1% discount on Neil Pegrum's UK Dynamic and UK Discretionary funds, ending 31 July this year. The discount is available to advisers and direct investors.

Launched on 13 January this year, the UK Dynamic fund has returned 16.42%, bid to bid, in the three months to 30 April, ranking it first out of 312 funds in the UK All Companies sector, according to Lipper figures.

Gartmore has introduced a 2% discount on the front-end fee for all lump-sum investments into its American Opportunities portfolio, managed by Simon Melluish and Ben Walker. The discount runs until 31 August 2003.

Over three years to 21 April 2003, the fund is ranked 33 out of 75 funds in the North America sector, falling 42.5%, the same as the sector average, offer to bid.

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