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BNY Mellon Asset Management – Global Strategic Bond Fund

BNY Mellon Asset Management

Global Strategic Bond Fund

Type: Oeic

Aim: Income and growth by investing globally in a range of fixed income

Minimum investment: Lump sum £1,000

Investment split: 58.4% US, 7.4% UK, 6.9% France, 5.1% Netherlands, 4.3%
Italy, 4% Japan, 3% Mexico, 2.5% Germany, 1.7% Luxemburg, 1.6% Canada, 0.9% Norway, 4.2% other

Isa link: Yes

Charges: Initial 4% annual 1.25%

Special offer: Initial charge reduced to 3%

Offer period: Until April 30, 2009

Commission: Initial 3%, renewal 0.5%

Tel: 0500 66 00 00


Border line cases

In relation to the article, Europe gets tough on offshore bonds April 9, please allow me to correct several inaccuracies.

No hiding place with another offshore amnesty

The Government is ramping up its efforts to tackle tax evasion with a new disclosure facility for offshore bank accountholders which will run until March 2010.

Adviser Fund Index: Holding pattern

The most recent rebalancing of the Adviser Fund Index was in November 2008 in the wake of market collapse following the Lehman Brothers’ bankruptcy. Six months on, the AFI is due to be rebalanced again in May as markets tentatively start to rise.


MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]


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