Gartmore launches five concentrated unit trusts

By Kira Nickerson Gartmore is to launch its range of five best ideas funds on 31 January, investing in the US, UK, Europe, Japan and globally. The Gartmore US Focus fund will be run by Ashley Willing, Europe is to be managed by Ann Steele, Nick Reid is the lead manager on Focus Japan, Simon Melluish is to manage the American fund while Neil Rogan is to run the global portfolio. These higher risk portfolios are concentrated versions of Gartmore's mainstream range and will typically hold 30 stocks each. Michael Wrobel, head of UK retail at Gartmore, said there will be an element of short ...