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Axa adding short-duration bonds to cope with rate rises

Axa Investment Managers is offering a sterling credit shortduration bond fund for the UK retail market, which will aim to minimise interest rate sensitivity.

The launch follows the recent UK launch of the company’s US short-duration high-yield fund for institutional investors, which was met with strong demand from discretionary managers and funds of funds.

The sterling credit short duration bond fund is managed by Julie Lamirel and invests in sterling investment-grade corporate bonds that are expected to mature in less than five years from the purchase date.

The fund will aim to reduce the potentially damaging impact of any rises in the Bank of England bank rate. Minimum investment is £1,000.

Head of UK sales Rob Bailey says: “Fixed-income investors are keeping a close eye on how and when interest rates will rise after such a long period at historic lows.”


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