View more on these topics

Old Mutuals corporate bond fund

Old Mutual&#39s corporate bond fund is a unit trust that will invest purely in corporate bonds.

The fund is aimed at risk averse clients who are looking for steady income and will offer a yield of 6.7 per cent. At least 80 per cent of the fund will be invested in investment grade bonds with a credit rating of BBB or above at all times. This means the bond has a secure credit rating and should minimize the risk for the investor.

Old Mutual believes that inflation in Britain has been brought under control and that interest rates will peak this year making it a good time to introduce the product. Also the supply of gilts from the government is drying up, forcing investors to look elsewhere.

According to Standard & Poor&#39s Micropal the Old Mutual worldwide bond fund is ranked 10 out of 33 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to June 19, 2000.


Canada Life International has introduced the Platinum Income Bond

Canada Life International has introduced the Platinum Income bond which aims to cash in on the volatile Nasdaq 100 index over a three-year period.It is likely to appeal to investors with a wide portfolio who are prepared to risk a bumpy ride chasing high income. But the Nasdaq&#39s recent performance has been poor, which suggests […]

Affairs of the mart

A new force has hit the retail investment market this year. The principleof the fund supermarket has really hit home. Just five years ago, thethought that a significant number of IFAs and customers would be able andwilling to trade investment funds through an internet platform would havebeen the stuff of science fiction.The basis of any […]

Death of Peter Hall

Financial marketing consultant Peter Hall has died of a heart attack at 49.Hall was an established City figure, having been instrumental inintroducing Baring Asset Management to the IFA market in 1984. He alsoworked for Save & Prosper. He most recently worked for Portfin, an onlinefacilities provider for financial institutions.For five years in the mid-1990s, Hall […]

Survey shows net will not destroy IFAs&#39 role

Face-to-face financial advice will always be in demand by some investorswho resist the lure of the internet, according to research.Even a third of those people who have bought life insurance online saythey would only use the internet to buy a life product after receivingadvice.The research was carried out by Mori Financial Services on behalf ofpublic […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment