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Morgan Grenfell goes global with World Bonds Oeic

OFFSHORE INVESTMENTS


Morgan Grenfell


WORLD BONDS


Type: Sub-fund of Morgan Grenfell Global Select Funds, a Dublin based open ended investment company.


Aim: To achieve capital growth and or income through investment in a portfolio of world bonds using the Salomon World Government Bond Index as its benchmark.


Types of share: A – retail, B – institutional.


Minimum investment: A shares – initial – £1,000 or US $1,500, additions – £500 or US $750. B shares – initial – £150,000 or US $250,000.


Investment split: US – 42 per cent, Germany – 23 per cent, Italy – 11 per cent, Netherlands – 8 per cent, UK – 7 per cent and Japan – 9 per cent.


Yield: A shares – estimated 3.6 per cent net of charges, B shares – estimated 4.1 per cent net of charges.


Pep link: None.


Charges: Initial – up to 6 per cent, annual – A shares 1 per cent, B shares 0.5 per cent.


Commission: 3 per cent.


Tel: 0800 282465.


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