Testing times

It is probably stating the obvious to say that 2008/9 will be a year of sitting tight rather than a year of new launches. Gartmore's European Absolute Return fund (under the stewardship of Roger Guy) being shelved despite an initial launch date for end of October this year, is no doubt indicative of a cautious mood in the investment world. Pound to a penny this will not be the only fund to be pulled over the coming year. David Aird, managing director of Investec Asset Management argues that for most product providers the next 12 months will be more about promoting existing products an...