"I take my money out of China Gartmore"

An investment is not liked that more than double your money? Well, for starters, you haven't made a penny until you sell. And, when the Chief Executive responsible for fund management company says its current crisis "exceeded all my nightmares", forgiven take his word investors.

Jeff Meyer, CEO of Gartmore, added "If there is something worse that what has happened to us, I don't see this", some investors - land with myself - who gave a total of £ 20. 9bn to the Fund Manager may be inclined to désaccord.alors we of course, sad to see prices of shares of the company to dive, we would still be sadder if the price of the funds it manages fall.

Not that there is much evidence so far.Readers know that I am a happy investor Gartmore China YH ' I paid 309 p unit in August 2006 and the bid price that I write is 771 p. Despite the recent tragedy of Gartmore lose key managers of funds on the other hand, this Fund went up 6pc in the last month, compared to 4pc for the Asia-Pacific ex Japan sector, according to independent statisticians Trustnet.

Better yet, these units are in my pension personal self-invested (Sipp), so there is no need to worry about capital gains tax. Fear that the noise is, I sell half my portfolio in China Gartmore in December last 623 p, where - as I told readers then – it seemed wise to lock gains.It would have been wiser to hang for hiking but, having invested in funds in China since 1996, I know how quickly prices may fall.

Gartmore problems could push for its fund managers to take their eyes off the coast of the ball?Should investors stay or go? I asked leading independent financial advisors for their views.

Gavin Haynes, CEO of Whitechurch Securities, said: "the departure of Star Fund Manager Roger Guy and Chief Investment Officer Dominic Rossi cap for Gartmore annus horribilis, but there is no direct threat to the underlying funds held by investors of the turbulence of the management group."

"The investment fund and open-ended investment companies are closed by the ring of which assets are completely separate from those of the Fund management company." However, uncertainty can lead to cash, can destabilize the operation of the Fund and were a drag on performance.

"We have exposure to China Gartmore opportunities and we continue to hold the funds.

"However, Gartmore European Absolute Return has been implemented to take advantage of Mr. Guy skill set and a version marketed its accessible to private investors hedge success."Taking into account his and starting colleague Mr. [Darrell] o ' DEA have concerns about the future and I would sell the Fund.

Alan Steel Alan Steel Asset Management said: "it is linked to a risk that Gartmore fund managers leader will be wondering what will happen next and that they will be harassed by the hunters."

I hold China Gartmore chances in my pension and I also hold funds in China of the State of the first that has always delivered even better returns.So I'm going to keep a close eye on developments and to reflect on the transition if the situation was deteriorating.?

John Kelly at Chelsea Financial Services was more optimiste.Il said: "Charlie Awdry remains an excellent Manager and I am not leaving Roger Guy affect the functioning of the possibilities of China."A starting Fund Manager is not sufficient reason to move the vessel.?

Patrick Connolly to AWD Chase de Vere was more prudente.Il said: "" we stopped to recommend the Gartmore.Mais funds we do not draw investors this stade.Nous have customers in China, the select and managed European funds prudent and today all are run by fully capable managers. ""

Similarly, Mark Hargreaves Lansdown Dampier has stressed the need to examine each fonds.Il said: "" single fund I did an outright sale is absolute European as directed by Roger Guy.En China first large state China or the purest first exhibit Chinese State growth were clearly Charlie Awdry for Gartmore. ""

Cynics will say that they see many experts on closing, professional intermediate il.Mais must avoid accusations of turbulence.

This individual investor sees the first State has delivered yields higher China without additional risks associated with managing departures and disturbances to the maison.ainsi, with a heavy heart and gratitude for the performance, I intend to move China Gartmore opportunities.


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