Gartmore European Absolute Return Fund posts 10.3% gain Go compare with our comparison table

Gartmore European Absolute Return Fund posts 10.3% gain

22 February 2010 / by Andy Davies

Gartmore has announced that its European Absolute Return Fund has marked its first anniversary by posting a double digit gain.

Since its launch on 31 January 2009, the Gartmore European Absolute Return Fund has produced a return of 10.3 per cent for investors despite the volatility of the stock market.

Managed by Roger Guy and Guillaume Rambourg, the fund is set up to achieve a positive absolute return, irrespective of market performance, by investing in European equities.

A key factor behind the fund's success according to Gartmore is its low volatility. Over the past 12 months, the fund has had a volatility of four per cent in comparison to the 21.3 per cent seen on the FTSE All Share index.

In addition, the biggest fall the fund has experienced, from peak to bottom, was two per cent, compared to 17.3 per cent on the FTSE All Share index over the same period.   

Meanwhile, the Absolute Return sector fund has produced an average daily gain of 0.12 per cent compared to a daily loss of 0.08 per cent.

Welcoming the news, Richard Pursglove, head of UK retail at Gartmore said: "We are delighted with the progress Gartmore has made in the absolute return sector and clearly these types of funds continue to be recognised as an effective diversifier in multi-asset portfolios."

Offering advice to investors looking to invest in an absolute return fund, Mr Pursglove said: "It is crucial that they look to experienced managers who have a demonstrable track record of managing these types of funds in all market conditions with a proven ability to deliver true absolute returns."

© Fair Investment Company Ltd

 

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*Current Income Yields are Gross, Variable and Not Guaranteed
**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.

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