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Gartmore planning corporate bond move

Gartmore is looking to offer a new corporate bond fund in the first quarter of next year.

The stable growth fund is expected to be launched in February 2002 and will target investors looking for secure investments in a market where interest rates are falling.

The fund is likely to offer a monthly income with a running yield of around 9 per cent. To achieve such a return, the fund is likely to follow a strategy of blending corporate bonds and high-yielding bonds.

Gartmore has yet to confirm full details. Head of communications Vee Montebello says: “We are testing the market but nothing is set in stone. We are looking at a number of ideas and testing the water. But, given the current market conditions, we are working on a week-by-week basis.”

New Life Financial Planning principal John Burnard says: “I think people who have previously looked to building society savings for a secure income will want to look elsewhere now interest rates have plummeted. Although not as secure as the building society, these types of product are not as risky as equity-based investments and do generate income.”


Product matters

Corporate bonds have become morepopular in today&#39s volatile investment climate. With global markets yo-yoing on a daily basis and in the midst of a period of low inflation and interest rates, equities certainly look riskier in the short term.The Threadneedle strategic bond fund, due for launch on November 5, will investinitially in high-yieldand investment-grade corporate […]

Paul Tebbutt

Being an IFA is not as much fun as it used to be if youare a one-man band or part of a smaller firm. For the84 per cent of all IFA firms that have fewer than five advisers, the bad news is that the situation is only going to get worse as a result of […]

B&W runs with bond duo

Bristol & West&#39s balanced guaranteed equity bond allows investors to put their investment in a stockmarket-linked bond or to split it between the bond and a one-year fixed rate high interest account.The guaranteed equity bond element tracks three stockmarket indices — the FTSE 100, Eurostoxx 50 and Nikkei 225 over a six-year term. It guarantees […]

Deco Capital – Boadicea Fund

Wednesday, 10 October 2001.Type: Hedge fund.Aim: Growth by investing in European equities, bonds, futures and options, cash.Minimum investment: $100,000, euros100,000.Place of registration: Cayman Islands.Investment split: 90 per cent European equities, 10 per cent bonds, futures and options, cash.Isa link: No.Charges: Annual 1.5 per cent.Commission: Subject to negotiation.Tel: 020 7648 4347.


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