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SWIP corporate bond plus fund receives ‘A’ rating

Scottish Widows Investment Partnership has been awarded an ‘A’ rating by Standard & Poor’s for the SWIP Corporate Bond Plus fund.

The fund was launched on the 5 July 2004 and has produced an annualised return of 6.7 per cent against a median of 5.7% over two years.
As well as investment-grade, Sterling denominated corporate bonds, the fund can hold government bonds, non-sterling bonds and preference shares. Due to the recent lack of volatility in the UK corporate bond markets, the fund has benefited from off-benchmark positions in US Dollar and Euro denominated assets.
Manager of the corporate bond plus fund at SWIP Alix Stewart comments:
“We’ve favoured the US bond market this year and it has performed strongly in recent months. Yields have come a long way now though so we’re more sanguine going forward.”


Defaqto executives could face fight to secure MBO

Members of Defaqto’s executive team look set to battle for control of the technology firm after receiving a 5m bid from a third party. The executive team are understood to be planning a management buyout, which is said to be imminent. International venture capital firm 3i has a 34 per cent stake in the business […]

Five new members for the FSCP

The FSA has announced five new appointments to the Financial Services Consumer Panel.Kay Blair, Stephen Crampton and Lindsey Rogerson will join the panel straight away while Michael Chapman and Jenny Hamilton join at the start of next year.Bair has been a member of the Scottish Consumer Council since 2003, Crampton is an independent EU and […]

Sesame accused of dragging its feet on payouts

Claim-chaser Brunel Franklin has accused Sesame of dragging its feet over paying out compensation to customers. Brunel Franklin says it has over 150 cases outstanding against Sesame, with clients waiting up to 10 weeks to receive payment. It says it was told by the Sesame claims team that there is a six to eight-week delay […]


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