Gartmore is offering a 2% discount on the initial charge for any lump sum investments into its Focus...
Gartmore is offering a 2% discount on the initial charge for any lump sum investments into its Focus funds.
The offer on the range of concentrated, aggressive funds launched in January 2001 lasts until 5 April. The discount reduces the charges on the funds from 5.25% to 3.25%.
Five funds are initially included in the range, covering the UK, Japan, Global, European and American markets. Gartmore has since decided to merge the Japan Focus fund into its Japan Growth fund as part of its forthcoming rationalisation programme.
The funds carry a performance fee element on their annual management charge. A 2% fee applies but if the portfolio fails to be ranked in the top 25% of the performance league tables on a rolling 12-month basis, the charge will be reduced to 1.25% for that month.
Meanwhile, Richard Evans is to take over management of the Gartmore Global Opportunities and Capital Strategy Global Equity funds from Julian Sinclair.
Sinclair is to head a newly created global and international research team, as well as fulfilling the role of global tech, media and telecoms analyst.
The role of the global and international research team is to work closely with the portfolio constructors to ensure wider communication of information and research ideas between the regional teams.
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