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Merchant Investors sees 17% bond sale increase

Merchant Investors says its investment bond sales have increased by 17 per cent over the last quarter.

Figures from the firm show the combined sales of their investment bond products, the Versatile Investment Portfolio and Investment Portfolio, have increased by 17 per cent, which when the market is seeing a 30 per cent reduction it claims is a great shift.

It says its VIP sales alone have increased by 47 per cent this last quarter.

Head of sales and marketing Richard Ellis says: “Although the ABI figures showing a 30 per cent drop are not necessarily surprising, given the recent CGT changes introduced by Alistair Darling, we are delighted to see we’ve been able to buck this trend – and in no small way.

“Bonds are still suitable for many taxpayers and our figures support this continued interest. Looking at higher rate taxpayers, bonds are particularly suitable for those requiring an income-producing portfolio and for trust planning. Bonds also remain a good solution for basic rate taxpayers remaining basic rate or higher rate taxpayers becoming basic rate – or able to assign the policy to a lower rate taxpayer.


Special effect

What a difference a day makes. Since March 17, the day the markets digested the news of the Federal Reserve’s intervention in the Bear Stearns situation, the FTSE All Share is up by almost 15 per cent. The European high-yield market has risen by some 7 per cent. Even the financials heavy iBoxx Sterling Corporates index is up by about 2 per cent. This experience highlights the difficulty of calling the bottom of markets. It has also prompted managers of funds in the IMA UK corporate bond sector to make the case for value in sterling credit.

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In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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