View more on these topics

Investec merges offshore bond funds

Investec Asset Management has merged three offshore bond mandates into its Luxembourg-domiciled Global Strategy Fund (GSF) Investment Grade Corporate Bond fund.

The assets of the GSF US Dollar, European and Sterling Bond funds were all merged into the groups offshore investment grade corporate bond mandate, which according to Investec is one of just 11 Luxembourg or Dublin-domiciled funds available to investors in the asset class.

The fund, managed by John Stopford, co-head of fixed income at Investec, has grown to just over $115m (72m) as a result of the mergers, which were completed on May 19.

In a release Stopford says: We continue to believe that currently the greatest investment opportunities lie in investment grade bonds issued by non cyclical businesses.

Based on the last twenty years of history, we believe current yields should be sufficient for investment-grade bonds to outperform government bonds by about 7% per annum on average over the next three years, with limited risk of significant under-performance.


Aifa launches business transition programme

The Association of Independent Financial Advisers has today announced the launch of its business transition programme, developed to help firms meet the demands of the retail distribution review.


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