Fund Objective

To give either an income or growth (when income is kept within the fund). To do so by investing primarily in corporate bonds and other fixed interest securities issued by companies and governments operating in the USA

View on Past Performance

High yielding bonds have fallen over the six-month review period, suffering as investors chose to steer clear of riskier asset classes. The period was characterised by high volatility and price retreats.The outlook for the high-yielding bond market remains fragile. Investment banks are saddled with a record backlog of hundreds of billions of dollars of high-yield loan and bond commitments, and this may hang over the high-yield market for some time to come. Also, SWIP views the current credit market turmoil as having increased the risk of a consumer-driven economic recession.

Fund Details