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Artemis moving into fixed interest

Artemis is to enter the fixed-interest market with a strategic bond fund to be managed by former Isis managers James Foster and Alexandra Ralph.

The fund will be modelled on the Isis strategic and extra-income bond that Foster and Ralph previously ran before it became part of the F&C range.

The fund will move between Government, corporate and high-yield bonds and is targeting a return of around 5.5 per cent a year over the long term.

Foster says having a small team running the fund will give it a more focused approach.

Artemis says it has been looking at bonds as an asset class for some time. It hopes the fund will respond to the needs of older investors who want to reduce investment risk but still receive an income.

Chelsea Financial Services managing director Darius McDermott says: “With a small team like this, you have to have faith in the management and we do, which is why we are mailing details of the fund to our clients.”

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