View more on these topics

Aberdeen moves to high yield

The Aberdeen multi-manager team has moved overweight into high yield within its £800m retail fund range

The team now has a 4 per cent position in the Aegon high-yield bond fund across its range and has topped up its position in the Legal & General dynamic bond fund to 6 per cent after the fund moved overweight high yield.

The team has reduced its exposure to BlueBay investment grade but multi-manager fund manager Scott Spencer says it is still its preferred holding in that area. He says: “After our review of the fixed-income range, we feel high yield is the best option, given the current macro backdrop. With default rates likely to remain low this year, high yield looks an attractive option, particularly with the lower duration period compared with government or investment-grade.”

Spencer says the team has moved to a more flexible approach on government-grade bonds, having built its exposure in the Julius Baer absolute return bond and the Thames River global bond fund. The firm also introduced a 4 per cent holding in the M&G inflation-linked bond fund.


IoM and Jersey repeal anti-avoidance measures

The Isle of Man has repealed a piece of legislation that aims to stop locals avoid personal income tax amid concerns the European Union was going to declare it “harmful”. The attribution regime for individuals was intended to stop local shareholders rolling up income in local companies subject to the 0 per cent corporate tax […]

Barclays in talks to sell commercial service arm

Barclays is in talks to sell its commercial mortgage servicing arm, Barclays Capital Mortgage Servicing, Money Marketing understands. It is understood that Barclays has already had a number of bids for the business and at least one bid has been rejected. BCMS, which provides asset management and surveillance services, was formed in December 2004 to […]


Balls warns King over supporting Govt deficit reduction plan

Shadow Chancellor Ed Balls has attacked Bank of England governor Mervyn King for being too political, warning him not to tie his credibility to the Government’s “extreme” deficit reduction plan. In an interview with the Financial Times, Balls says King should not be getting involved in politics and fiscal policy. He says: “Central bank governors […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm