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BGI Funds launch high Yield Corporate Bond Fund

Barclays Global Investors is set to launch a high yielding corporate bond fund.

The BGI Optimum Income Fund will have an estimated gross annual yield of 7 per cent.

The fund which will avoid investment in so called &#39junk bonds,&#39 aims to provide the high yield through investment grade bonds with an average &#39A&#39 rating or unrated bonds of equivalent standard.

The unrated bonds will be from quality companies who have decided not to have their bonds rated for whatever reason.

The fund has an initial charge of 4 per cent and an annual management charge of 1.25 per cent.

The fund offers initial commission of 3 per cent with 0.5 per cent renewal. A special introductory offer sees the initial commission raised to 0.75 per cent until June 30, 1999.

BGI Funds is marking the launch with a series of roadshows in 14 venues.


Royal & SunAlliance International extends special offers

Royal & SunAlliance International Financial Services has extended its range of special offers to the end of July 1999.The special offers apply to regular investments into RSAIFS international pension plan, flexible growth plan and executive savings plan.Investments of £300 plus into the pension and flexible plans qualify for an increased allocation of 137.5 per cent […]

Barings believes the US is still the place to be

Barings Asset Management believes there is still potential for growth in US equities.The fund manager says US companies should experience a 7 per cent growth in earnings. This, coupled with a low interest rate environment, will lead to a 8 to 10 per cent market increase in the S&P 500 stockmarket index.Barings upbeat forecast is […]

Norwich & Peterborough Building Society offers self build insurance package

Norwich & Peterborough Building Society is set to offer a specially designed insurance package for self-build borrowers.Project Builder will provide building works, public and employers liability, legal expenses and personal accident all within one package.Structural guarantee insurance is also available as part of the package or on a standalone basis. This provides a 10 year […]

Pension Trustees&#39 condemn pensions green paper

Two pensions trustee organisations with strong trade union links have warned that the pensions green paper is a flawed document which will not achieve its objectives.The Northern Pensions Resource Group and the Independent Pensions Research Group make the comments in a joint submission to the green paper.They say that biggest defect is that fact the […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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