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M&G aims for High Yield

PEPS


M&G


HIGH YIELD CORPORATE BOND PEP


Aim: To provide high monthly income by investment in lower-rated high-yield bonds.


Minimum investment: Single – £1,000, regular – £50 a month.


Investment split: Model portfolio based on existing corporate bond – corporate bonds – 87 per cent, gilts – 8 per cent, cash – 5 per cent.


Yield: Redemption – 9.5 per cent, distribution – 8.5 per cent.


Charges: Initial – nil, annual – 1.25 per cent, early surrender – 4.5 per cent in year one decreasing to 1 per cent in year five and nil thereafter.


Special offer: 50p fixed price during launch period.


Offer period: Until October 16, 1998.


Commission: Initial – 3 per cent and renewal – 0.35 per cent during launch period only.


Tel: 0800 389 8601.

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