Gartmore cuts charge on Isa split cap

By Ruth Alexander Gartmore is reducing the initial charge for retail investors buying into its newl...

By Ruth Alexander Gartmore is reducing the initial charge for retail investors buying into its newly launched split cap through the group's investment trust Isa. The Gartmore Absolute Growth & Income Trust, first reported in Investment Week, will be available through Gartmore's ISAit scheme for 1.5% rather than 3% until 22 December. The usual 1% dealing charge is being waived for those buying the trust via the group's savings scheme, SAVEit. The split-cap's assets are being managed as two distinct investment portfolios, with some 60% of the trust invested predominantly in UK growth stock...