Gartmore to focus funds in portfolios

Gartmore is looking to launch a range of concentrated portfolios in February next year for its best-performing fund managers, writes Robert Stock. The concept, which was pioneered in the US by companies like Janus, is designed to give top managers a chance to outperform and, in an increasingly competitive environment, compete for inflows of cash. The range, which Investment Week understands would include a global equities fund as well as UK, European, Japan and US equity funds, would be based on portfolios with as few as 20 stocks. It would allow Gartmore to more aggressively market the ...