The main thrust of Gartmore's ISA season marketing campaign will focus on its new Cautious Managed F...
The main thrust of Gartmore's ISA season marketing campaign will focus on its new Cautious Managed Fund, which launches on 31 January.
The fund is to be managed by new Gartmore arrival Chris Burvill, who will pick among bonds and equities for the best balance of security against returns.
Gartmore intends to market the fund as a product for retail investors who want the security of bonds with the opportunities of equities - with equity exposure limited to 60% of the total portfolio value.
Chris Burvill comes with 10 years experience managing Investec's Cautious Managed fund.
Gartmore's new fund will be an OEIC offering investors the choice of an initial £1,000 lump sum investment, or a £50 per month savings plan.
The initial charge will be 3.5%, with a 1.25% annual management charge.
Initial commission is 3% with a 0.5% trail.
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