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OPM raises investment-grade bond exposure

OPM Fund Management has been reducing exposure to high-yield bonds in its fixedinterest fund of funds and increasing its exposure to investment-grade bonds.

The firm is holding just under 3.5 per cent of the OPM fixed-interest fund in the JP Morgan sterling corporate bond fund as it believes this fund reflects its own views.

The fund’s manager, John Anderson, was previously head of credit at Gartmore. OPM says it knows Anderson and his investment process extremely well and regards him as a safe pair of hands.

Anderson’s fund invests for total returns, comprising growth and income, by investing mainly in high quality sterling-denominated bonds but it can also invest in bonds denominated in other currencies that are hedged back into sterling.

OPM says the fund invests in sectors it likes and that Anderson’s current underweight position in banks is appealing.


Fee radicals

Peter Hargreaves is always good for a quote. I came across an article in the Evening Standard penned by former Money Marketing journalist Simon English, which quotes Hargreaves as saying: “The high street banks that are supposed to help businesses have always been run by completely inane, affable twits.” With stockmarket analysts applauding its balance […]

Out of context

“Your doggy bags contain full details of the latest CII survey, and no champagne.” Charter Insurance Institute director of policy and public affairs David Thomson looks to emphasise the not-for profit nature of the organisation. “Sorry, I didn’t mean to be interesting…”New Council of Mortgage Lenders director general Paul Smee. “Well there aren’t really any […]


Women Adviser Group to hold RDR events

The fourth evening meeting of the Women Adviser and Broker Group is set to take place on September 22, with the first full day event scheduled for November 23. The evening meeting will be held at the Architas office in London, while the full day event will be held at the RAC Clubhouse in Pall […]

Mark Harris to join Eden

Eden Financial has appointed former Henderson head of multi-manager Mark Harris as joint manager of the £66.6m CF Eden global multi-strategy fund. Harris will comanage the fund alongside Chris Jaques. Jaques currently runs the fund for the Eden private client business and Harris will roll it out to the broader market. Harris worked at New […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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