View more on these topics

M&G launches offshore mirror Woolnough fund

M&G has launched an offshore version of Richard Woolnough’s Strategic Corporate Bond fund.

The Guernsey fund was launched on Friday (July 10) as a direct feeder fund exclusively linked to Woolnough’s Strategic Corporate Bond fund.

M&G says it was launched in response to demand from its offshore client base, and complements the existing offshore fund range which includes the Offshore Corporate Bond and Offshore Optimal Income funds.

The Offshore Strategic Corporate Bond fund has a distribution yield of 5.36% and mirrors the onshore £1.25 billion vehicle.

M&G recently announced Woolnough was repositioning this fund, converting it into a standalone Ucits III vehicle.

Although the stated annual management fee is 1%, M&G says this has been waived, and trail commission is available up to 0.25%.


Related Articles:
M&G to reposition Woolnough fund
£52m M&G global bond fund converts to Oeic

____________________


Recommended

Level pegging

No other aspect of the RDR has been provoking as much debate in the industry as the proposals to increase the minimum level of qualification by the end of 2012. Many advisers are already taking action to respond to the challenge but our research shows that nearly one-third of advisers say that qualifications are their primary RDR concern.

Jail for fraudsters

Two people have been sentenced to over eight years in prison for a £508,000 mortgage scam in West Yorkshire with two fraudulent mortgage agreements with Woolwich and Yorkshire Bank.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com