UK - Gartmore Investment Management has launched a core-satellite global equities fund.
Gartmore says the fund can be tailored to specific risk/return objectives set by schemes.
The fund, which was seeded in August 2003, is run by Gartmore’s global equities team and is supported by its quantitative research team.
Gartmore claims that it can meet schemes’ performance targets by combining a concentrated satellite portfolio of up to 40 stocks with a broader, quantitative managed core portfolio.
Gartmore’s concentrated global equities fund has outperformed its benchmark, the MSCI World index, by 29.6% since its launch three years ago. Head of global equities Neil Rogan said: “We believe this core-satellite approach plays to Gartmore’s strengths and will enhance our prospects for outperformance.
“By combining these two complementary investment strategies we tailor our app-roach to each of our client’s unique requirements, and we offer them ‘the best of both worlds’; an active ‘satellite’ and a quantitative ‘core’.”
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