Fund Objective

To give either an income or growth (when income is kept within the fund). To do so by investing primarily in UK and European corporate bonds and other fixed interest securities. The majority of the fund will be in high quality securities but a significant proportion will be in securities with a higher than average risk.

View on Past Performance

The corporate bond market remains volatile, with performance lagging behind similarly-dated government bonds. Corporate bonds remain affected by concerns relating to US subprime mortgages and market liquidity.The yield spread (the premium payable by corporate bond issuers to reflect higher risk) has begun to widen; by late June spreads were at their widest since March.

Fund Details