View more on these topics

Govett believes in bond renaissance

Govett Investments&#39 belief that corporate bonds will enjoy a renaissance has led to the introduction of its corporate monthly income fund.

This Dublin-based Ucits aims to deliver income with a target yield of 7.75 per cent a year and opportunities for capital growth.

It will consist of UK gilt-edged securities and fixed interest securities in the UK and overseas. Although the emphasis will be mainly on investment grade bonds, up to 20 per cent of the fund can be invested in non-investment grade bonds.

The fund could appeal to higher rate taxpayers who are looking for monthly income with the tax advantages associated with offshore investments. However, it is not a good time for corporate bonds at the moment as yield rates are very low and investors can get yields of up to 10 per cent from guaranteed equity bonds.

According to Standard & Poor&#39s the Govett GSIL high income fund is ranked 62 out of 82 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested to November 6, 2000.


Will Mig omission prove the root of misselling evil?

Can a decision tree missell a pension? The answer is probably. The soon-to-be-notorious flowcharts, which now come in glorious technicolour, will not take the Mig into account.The vital details on this issue and the still to be decided pension credit are included in the footnotes. In failing to include the Mig in the flowchart itself, […]

MM reporter James Daley wins award

Money Marketing investment reporter James Daley has won Friends Ivory & Sime Venture Capitalist Trust personal finance journalist of the year. Daley, 23, beat national journalists to the prize which was presented by Patricia Hewitt MP minister for small business and e-commerce. This is the first year of the competition which awards journalists who further […]

iShares bring in new US-style fund

iShares – IFTSE Tmt Type: Exchange traded fund. Aim: Growth by investing in technology, media and telecoms companies. Minimum investment: Negotiable with stockbrokers. Maximum investment: None. Investment split: Media 35 per cent, telecoms 25 per cent, IT 26 per cent, software and computer services 14 per cent. Place of registration: Dublin. Isa link: Yes. Pep […]

Operating profits up at Paragon

Specialist lender Paragon has announced a 13.4 per cent jump in operating profits to £35.5m from £31.3m for the year to September 30, 2000. New lending has risen by 22 per cent to £510m from £419.7m and the cost to income ratio down to 40 per cent from 45 per cent. It also announced operating […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm