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Top of the class

Threadneedle Investments is making its UK corporate bond fund available to the IFA market by adding a retail share class to the existing institutional share class.

The fund aims to deliver income and capital growth by investing in investment-grade corporate bonds across a range of sectors. This makes it lower risk than some bond funds that use high-yielding junk bonds. However, the lower risks are matched by lower returns with a current yield of around 5.8 per cent.

Falling interest rates have made corporate bond funds look attractive to investors earning little interest on their building society accounts and to those concerned about the recent performance of stocks and shares.

This fund is pitched at the lower end of the risk spectrum because it concentrates on investment-grade bonds. However, when stockmarkets pick up this could lead to a fall in bond prices as some investors move from bonds back into stocks and shares.

According to Standard & Poor&#39s, the institutional share class of the UK corporate bond fund is ranked 31 out of 56 funds based on

£1,000 invested on a bid-to-bid basis with net income reinvested over three years to November 26, 2001.


Davies gets public rebuke from Brown

The Chancellor has publicly warned FSA chairman How-ard Davies to keep the Trea-sury informed about any problems which may lead to the Government facing criticism, a move some commentators say is a dressing down.Opposition politicians bel-ieve that the warning, in the form of a letter to Davies, is the result of Treasury embarrassment over the […]

MFS International UK – The MFS Continental European Equity Fund

Thursday, December 20, 2001.Type: Oeic.Aim: Growth by investing in Continental European equities andequity-related securities.Minimum investment: Lump sum £1,000, monthly £50.Investment split: 100 per cent in Continental European equities andequity-related securities.Isa link: Yes.Pep transfers: Yes.Charges: Initial A shares 5 per cent, annual A shares 1.5 per cent, Bshares 2 per cent.Special offer: Initial charge reduced to […]

IFAs find flaws in Tory MP&#39s Bill bidding to reform annuity law

Conservative MP David Curry this week published details of his Private Member&#39s Bill calling for Government annuity reform which he will present to the House of Commons in January.However, IFAs have questioned the timing of the Bill, claiming it is pointless to fight a campaign for change from the backbenches, especially after the Government has […]

Independent view

When I started my practice six years ago, I had a tough decision to make. I could sit on my backside waiting for hoards of eager clients to knock on my door seeking advice or go out and sell myself.If I had chosen the former, my career as an IFA would have been short-lived.There is […]


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