Gartmore is flagging European and US exposure by discounting the initial charges of two funds which ...
Gartmore is flagging European and US exposure by discounting the initial charges of two funds which invest in these regions. The fund manager is deducting 2% off the initial charge of its Gartmore European Selected Opportunities Fund and the Gartmore American Growth Fund, for an eight week period, starting November 4. Gartmore maintains European equities are on historically low P/E valuations relative to their own history. "The European Central Bank is taking exceptional measures to stimulate economic activity and boost business and consumer confidence by reducing interest rates t...
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