Gartmore MultiManager Absolute Return Fund

Gartmore MultiManager Absolute Return Fund
The Gartmore MultiManager Absolute Return Fund aims to deliver a positive absolute return over the long term, regardless of market conditions.

It does so by bringing together around 15 to 20 investment funds, featuring a broad range of asset classes, and aiming for as little correlation between them as possible. In essence, the fund tracks the performance of the "Absolute Return Sector".

Fund Manager Tony Lanning and his experienced team use a number of sophisticated portfolio construction tools, to create a portfolio that is unresponsive to downward movements in the market. The fund will invest typically in equities, fixed interest, hedge strategies, commodities and life settlements. The goal is that, should one asset class go through negative change, the Fund as a whole will be less affected. The team strongly believes that there is no substitute for meeting the key people face to face and developed a personal relationship with them. Tony remains cautious in the short term on UK equities but believes that US equities could hold the key future profits. This is because the US market is less reliance on the financial services industry than the UK and large amount of high quality companies are still cheap relative to historic averages.

The funds performance has been extremely impressive; generating profits in the region 11.5%, in less than 12 months. Funds of this nature are ideal for times of economic uncertainty and could be a useful addition to a cautious or diversified portfolio.

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