Investment News Gartmore Funds Move Over To Henderson As Takeover Completes 18471604
Gartmore funds move over to Henderson as takeover completes
18 April 2011 / by Paul Dicken
Henderson Global Investors completed the takeover of Gartmore on 4 April and has announced that the Gartmore Cautious Managed Fund is moving over to the group.
Manager of the Gartmore Cautious Managed Fund, Chris Burvill, will continue in his role at Henderson, leading the fund which invests in government and corporate bonds, and equities to return a level of income and capital growth. After summer 2011, the fund will be renamed the Henderson Cautious Managed Fund.
Through active asset allocation the fund seeks to deliver consistent returns with lower volatility than a pure equity fund, and was described as a ‘high quality addition’ to the group’s fund range.
On the completion of the acquisition, Henderson chief executive, Andrew Formica, said: “Henderson shares a similar investment philosophy and culture to Gartmore which we believe should be reassuring to investors in Gartmore funds in terms of fund manager continuity and investment performance.”
Henderson said the widening of the group’s fund offering came just as investors were being encouraged to create well-balanced portfolios for their long-term investments.
Of Gartmore’s UK domiciled funds, 15 are moving directly to Henderson and keeping their names until after summer 2011 when they will use the Henderson name.
From 25 April it is proposed that 11 UK domiciled funds will take on the Henderson name and then merge with existing Henderson funds.
This includes the merging of the Gartmore Multi Manager Cautious Fund, managed by Tony Lanning, with the Henderson Multi-Manager Income and Growth Fund.
From 25 April 2011, the Henderson Multi-Manager Income and Growth Fund will be managed by existing manager, Henderson’s Bill McQuaker, and Tony Lanning.
Henderson said the combination of Bill McQuaker and Tony Lanning made for a highly regarded team with a ‘broad range of complementary skills, from macroeconomic analysis to in-depth fund and manager research.’
The Gartmore Cautious Managed Fund and the Henderson Multi-Manager Income and Growth Fund are in the Fair Investment Select 100.
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Income Funds – Select Range
| Product Name | ISA Option | Income Yield | More Info | |
|---|---|---|---|---|
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Henderson Strategic Bond |  |
5.7% | More Info > |
| Income Paid Quarterly. Investing in higher yielding assets which will include most types of fixed interest securities, this fund aims to deliver a quarterly income to investors. See latest fund factsheet for details. | ||||
 |
Newton Asian Income | |
5.43% | More Info > |
| Income Paid Quarterly.The objective of the Sub-Fund is to achieve income together with long-term capital growth predominantly through investments in securities in Asia Pacific ex Japan (including Australia & New Zealand) region. The Sub-Fund may also invest in collective investment schemes. See latest fund factsheet for details. | ||||
|
Newton Higher Income | |
5.4% | More Info > |
| Income Paid Quarterly. The objective of the Fund is to achieve increasing distributions on a calendar year basis with long term capital growth. The Fund may also invest in collective investment schemes. See latest fund factsheet for details. | ||||
 |
Invesco Perpetual Distribution | |
4.7% | More Info > |
| Income Paid Monthly. Invesco Perpetual Distribution offers a balance between both income and capital growth through investment in UK based equities and fixed interest securities. See latest fund factsheet for details. | ||||
|
Invesco Perpetual Monthly Income Plus | |
4.46% | More Info > |
| Income Paid Monthly. Popular income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. See latest fund factsheet for details. | ||||
 |
Woodford Equity Income Fund | |
3.50% | More Info > |
| Our selected partner for investing in Neil Woodford’s Equity Income fund is Barclays Stockbrokers, via their INVESTMENT ISA for new ISAs and ISA transfers, or their MARKETMASTER® ACCOUNT for non-ISA investments. Income Paid Quarterly.The fund’s investment objective is to provide investors with long-term appreciation through investing in stocks primarily listed on the UK stock exchanges. Up to 20% may be invested in international companies. The income objective is 10% higher than the FTSE All Share Index yield with an anticipated annual yield of 4.0%. | ||||
|
Newton Global Higher Income | |
4.7% | More Info > |
| Income Paid Quarterly. The objective of the Sub-Fund is to achieve increasing annual distributions together with long-term capital growth from investing predominantly in global securities. The Sub-Fund may also invest in collective investment schemes. See latest fund factsheet for details. | ||||
 |
Jupiter Merlin Income Portfolio | |
3.10% | More Info > |
| Income Paid Quarterly. To achieve a high and rising income with some potential for capital growth by investing predominantly in unit trusts, OEICs, Exchange Traded Funds and other collective investment schemes across several management groups. The underlying funds invest in equities, fixed interest stocks, commodities and property, principally in the UK. See latest fund factsheet for details. | ||||
 |
M&G; Global Dividend | |
3.27% | More Info > |
| Income Paid Quarterly. The Fund aims to deliver a dividend yield above the market average, by investing mainly in a range of global equities. The Fund aims to grow distributions over the long-term whilst also maximising total return (the combination of income and growth of capital). See latest fund factsheet for details. | ||||
 |
Kames Strategic Bond | |
2.95% | More Info > |
| The primary investment objective is to maximise total return (income plus capital ) by investing in global debt instruments,denominated in any currency, ranging from AAA Government Bonds through to high yield and emerging market corporate bonds. At least 50% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. See latest fund factsheet for details. | ||||
|
M&G; Optimal Income | |
2.44% | More Info > |
| Income Paid Twice Yearly.The fund aims to provide a total return to investors based on exposure to optimal income streams in investment markets. The fund invests across a broad range of fixed income assets according to where the fund manager identifies value. See latest fund factsheet for details. | ||||
**Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market price of the fund.
*** This is the target yield the fund aims to achieve per year, it is not guaranteed and could change according to prevailing market conditions. The target yield is net of basic rate tax.
Information correct as at 08/02/2012.
The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.