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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.”

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