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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.”

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