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SEI funds focus on low-risk investors

Scottish Equitable International is targeting low-risk investors with a

fund investing in the UK corporate bond market and a Government bond fund.

The corporate bond fund will focus on investment-grade bonds issued by

companies with Standard & Poor&#39s credit ratings of between BBB and AAA.

The funds will be run from Luxemburg, with SEI sister company Aegon Asset

Management providing investment advice. It manages around £11bn in the

sterling corporate bond market.

Both funds have an annual charge of 1 per cent. They are available from

June 4.

SEI says recent stockmarket volatility means that more investors want

lowrisk funds.

Aegon fixed-interest investment manager Danny McKernan says: “This is a

good time to be looking towards fixedinterest funds. Corporate bonds are

particularly attractive as the increasing amount of money being switched

from equities is having a positive impact on this market.

“Government bonds offer one of the safest investment havens but, for

investors willing to take slightly more risk, corporate bonds can offer a

significantly higher yield.”


FSAVC review goes online

The FSA is issuing IFA firms with software which will allow them to recordtheir work on the FSAVC review. It will also let them submit returns overthe internet. Details of how to access the software – called the FSAVC Review Reporter –will be issued to 1,500 IFA firms with cases to review next week and […]

Putnam Investments – Putnam Global Bond Fund

Friday, 18 May 2001.Type: Ucits.Aim: Growth by investing in global government bonds.Minimum investment: $2,500.Place of registration: Dublin.Investment split: US 50 per cent, Asia 25 per cent, Europe 25 per cent.Isa link: No.Charges: A shares initial up to 6.25 per cent, annual 1.75 per cent, B shares annual 2.25 per cent, A1 shares initial up to […]

ABI urges caution on Myners

The ABI is urging the Government to be cautious in introducing codes of best practice for pension fund investment as proposed in the recent Myners Report on Institutional Investment in the UK. It argues proposals could have unintended consequences which could harm the interests of pension fund members and increase their costs.

BROKER Talkback

Should critical-illness cover and permanent health insurance be regulated? “Yes, because it is potentially too complex an area not to be.” Richard Mumford,M&M Financial Services “Yes. They should be regulated because of the complexity of products,particularly critical illness.” Tony Levinson,Anthony Levinson & Partners “Yes, because there is general confusion about how these policies operate.Some are […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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