Gartmore Investment Trusts : Irish Growth Fund
PLC
Return to Investment Trusts
Fund Manager
Gervais Williams |
Registered Office
51 New North Road
Exeter
Devon
EX4 4EP
Company Number: 3031629
England & Wales
|
Fund Summary
- A fund offering exposure to the Irish stock
market
- Managed by smaller companies specialist Gervais
Williams
|
Key Facts
| Total Assets* |
£56.9
million |
| Number of Holdings |
36 (inclusive
of CFDs) |
| Net Yield |
Nil |
| Total Expense
Ratio |
1.6% (year ended
31.03.10) |
| Management Fee |
1.0%
p.a. |
| Discount Control |
The Company
continues, as and when the Directors deem it appropriate, to
exercise its powers to buy back shares to help to keep the discount
within a reasonable range. |
| Year End |
31
March |
| AGM |
September |
| Results Announced |
June,
November |
| Dividend Paid |
September |
| Listed |
1995, The
London Stock Exchange |
| Broker |
Winterflood
Investment Trusts |
| Directors |
Harry Sheridan
(Chairman), Robin Baillie, Gavin Caldwell, Willie Cotter, Richard
Milliken, Patrick Cunneen |
| Capital Structure |
6,706,409
Ordinary Shares |
*Includes CFD exposure of £7.5
million. |
Literature
Corporate Governance
Company Announcements
Fund Manager
|
|
Gervais
Williams
Senior Investment Manager
Gervais joined Gartmore in 1993 and heads the award-winning Smaller
Companies team. He has over nineteen years fund management
experience in smaller companies.
Believing strong stock selection and analytical skill set is one of
the keys to smaller companies performance, Gervais and the team
have a substantive meeting programme: circa 800 meetings per year.
Gervais has sat as a member of the DTI Investor Relations Working
Group. It is the Group's responsibility to oversee and develop
quality dialogue between smaller quoted companies and the stock
market.
Prior to 1993 Gervais spent three years at Thornton Investment
Management and he previously spent five years at Throgmorton Asset
Management as a Director.
Gervais graduated from the University of Liverpool in 1980 with an
Honours degree in Engineering.
| |
Fund Objective
|
The Company seeks to provide shareholders with long-term
capital growth through investment in quoted companies, which are
either incorporated in the Republic of Ireland or Northern Ireland
or, if elsewhere, derive the
majority of their turnover or profits from the Republic of Ireland
or Northern Ireland.
Investment Policy
It is believed that the Company, through the securities in which
it invests, offers an attractive and relatively direct means of
investing in Ireland, thereby giving exposure to:
the relatively high-growth economic environment in Ireland.
an anticipated low corporate taxation economy in the Republic of
Ireland which is attractive to inward corporate investors into the
region.
Life of Company
An Ordinary Resolution will be proposed every three years for
the Company to continue as an investment
trust. |
Important Information
The value of investments and the income from them may go
down as well as up and you may not get back your original
investment. Investment trusts can borrow money to make additional
investments on top of shareholders' funds (gearing). If the value
of these investments falls in value, gearing will magnify the
negative impact on performance. If an investment trust incorporates
a large amount of gearing the value of its shares may be subject to
sudden and large falls in value and you could get back nothing at
all. Smaller companies are riskier and less liquid than larger
companies which means their share price may be more volatile. Funds
which specialise in investing in a particular region or market
sector are more risky than those which hold a very broad spread of
investments. Where a Fund holds a limited number of investments and
one or more of those investments declines or is otherwise adversely
affected, it may have a more pronounced effect on the Fund's value
than if a larger number of investments were held. Funds investing
in overseas securities are exposed to and can hold currencies other
than Sterling. As a result, exchange rate movements may cause the
value of investments to decrease or increase. Net Asset Value
("NAV") performance is not the same as share price performance and
investors may not realise returns the same as NAV performance. The
level of yield may be subject to fluctuation and is not
guaranteed.
Past performance is not a guide to future performance. The value of
investments and the income from them may go down as well as up and
you may not get back your original
investment. |