Private Investors

Fund Manager

Mark Underhill Portfolio Manager Mark is a Principal of State Street Global Advisors, and a Portfolio Manager in the Structured Products Group, based in London. He is responsible for investment management and research for domestic and international portfolios in the Passive Equity team. Prior to his appointment at SSgA, Mark spent 10 years at Gulf International Bank; the past five as a trader and a portfolio manager in the Indexed Portfolio Management group. Mark holds a BA (Hons) in Business Economics from the University of Leicester. He also holds the Investment Management Certificate and he commenced study for the CFA qualification in 2008.

Fund Performance

60009905 UK

Fund Objective

This Fund is designed to track the capital performance of the FTSE All-Share Index and to maintain a gross income yield equal to that of the Index.
The Fund is managed on a fully invested basis and has a portfolio of, typically, over 600 stocks comprising the FTSE All-Share Index although, occasionally, the Fund may invest in stocks outside the Index. The emphasis is on maintaining tracking precision. Stocks are screened to minimise deviation from the Index. The portfolio also maintains a balance between large and small capitalisation stocks.
The Fund may also invest at the Manager's discretion in other transferable securities, money market instruments, cash and near cash, derivative instruments and forward transactions, deposits and units in collective investment schemes (use may be made of stocklending, borrowing, cash holdings, hedging and other investment techniques permitted in applicable FSA Rules).

Important information

This Fund invests in shares, which are more volatile than other asset classes such as cash or bonds. The Fund may hold concentrated positions. If one of these concentrated positions declines in value, or is otherwise adversely affected, this can have a greater effect on the Fund's value than if it held less concentrated positions. The Fund may invest in smaller companies, which can be more risky than larger companies due to a lack of liquidity and increased volatility. The shares of smaller companies may be subject to more abrupt price movements than shares of larger companies. This Fund primarily invests in a single market which can be subject to particular political and economic risks. The manager may invest in markets other than the primary market and the Fund may therefore be exposed to risks in these markets. The Fund aims to replicate the returns of the benchmark. However, some tracking error is likely to occur due to operational costs and the timing of rebalancing the weightings of underlying positions to match that of the index. The Fund will not benefit from any active management or risk management during times of market volatility.

Please read the Simplified Prospectus before investing. Risk and performance can change over time. Gartmore is unable to offer personal financial advice. Please note that nothing on these web pages should be interpreted as financial advice. If you have any doubt whether this product is suitable for you or questions about your tax position, and you wish to obtain personal advice, please contact a financial adviser or where applicable a tax specialist. 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.

Ratings are provided by independent rating agencies based on a number of investment criteria. For example, where applicable, a 'AAA' rating is the highest possible for Standard & Poor's, OBSR and Citywire. A 5 star rating is the highest possible for fund star ratings. For a full description of the ratings please click here.