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Gerrard wins A rating for international bond fund

The Gerrard international bond and convertible fund has been awarded an A rating by Standard and Poor&#39s Fund Research.

The rating follows a new charging structure introduced on May 1, which saw initial charges cut to 2 from 5 per cent. In addition, the annual management charge is now taken from capital instead of income.

Fund manager Sofia Skalistrti has been running the fund since June 1999 and has also headed Gerrard&#39s fixed-interest desk since 1989.

Skalistrti also manages the Gerrard UK fixed-interest fund and the bond portion of the Gerrard Hallmark income portfolio fund.

The £21.8m international bond and convertible fund has a current yield of 5.53 per cent and offers initial commission of 1 per cent and 0.25 per cent renewal.

Sales and marketing director Barry Russell says: “We are delighted the international bond and convertible fund has become the fifth Gerrard fund to be awarded a S&P Fund Research rating.

“Against a background of highly volatile equity markets, it has offered investors a lower-risk alternative that has also returned outstanding performance.

“We are very pleased to be able to make it available at reduced cost.”

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