Product category:
Investment funds
News Release from: Gartmore | Subject: iTunes
Edited by the Insidemoneytalk Editorial
Team on 06 April 2007
Gartmore News in Brief
Apple Grabs Gartmore's Attention
Apple, the maker of the iconic iPod, has recently grabbed the headlines for both good and bad reasons, although this may have obscured the real story about the potential of its computer business EMI's scrapping of copy protection on all its digital tracks means owners of digital music players other than the iPod can buy songs from Apple's iTunes music store
This article was originally published on Insidemoneytalk on 2 Mar 2007 at 8.00am (UK)
Related stories
Gartmore News in Brief
Gartmore's view on recent market activity
Gartmore growth opportunities raises GBP30 million of new assets
Gartmore Growth Opportunities plc ("GGO" or the "Company") announces the results of the offer for subscription of conversion shares ("'C' Shares") (the "Offer").
Less welcome was the news that major record companies and Apple may face an investigation into anti-competitive behaviour by the European Commission.
While much excitement has been generated by the iPod and the newer iPhone, Apple's computer business offers the real upside, arguably generating much of the recent unexpected earnings, according to Neil Rogan, Head of Global Equities and Manager of the Gartmore Global Focus Fund and the Gartmore SICAV Global Focus Fund.
"Wilkes University recently became one of the first college campuses in the US to institute a university-wide switch from Windows-based PCs to Apple's new Intel-based Macs, a development that mirrors the actions of other commercial and individual computer users around the world".
"Additionally, some analyst forecasts have overlooked the dramatic fall in the cost of the memory that goes into computers".
This offers potentially good news in terms of computer sales and margins for Apple, which is a holding in the Gartmore Global Focus Fund and the Gartmore SICAV Global Focus Fund.
Current Offers - Extended: 1) New investors into the company's investment trust ISA, the Gartmore ISAit, for the duration of the 2007 ISA season.
Initial fee of 3% will be removed from all new investments in Gartmore's investment trust ISAit and PEPit schemes, Lump sum and minimum transfer value will be reduced from £3,000 to £1,000, Minimum amount for the monthly savings on ISAit will be reduced from £100 to £50, Gartmore,, rather than the underlying investor, will bear the cost of commission to IFAs.
2) For the Gartmore Cautious Managed Fund, the Gartmore Global Focus Fund and the Gartmore MultiManager range of Funds, for all lump sum investments until 30th June 2007.
1% discount on the initial charge, 4% initial commission.
• Gartmore: contact details and other news
• Email this article to a colleague
• Insidemoneytalk Home Page
