Fund Objective

The investment objective of the Bond Monthly Income Fund is to invest in regulated collective investment schemes which aim to achieve a better return than that available from cash over the long-term through a portfolio that is invested in bonds.

View on Past Performance

During April, the UK bond market retreated along with other global bond markets in the face of an improving global growth outlook and the prospect of rising interest rates in several major economies. Bonds benefited from the flight to safety during May's volatile market conditions but yields then began to rise again in June as the equity market began to look more attractive.

Future Expectations

Bond markets should also benefit from falling interest rate expectations. However, the continued withdrawal of liquidity from the market, resulting in part from Japan's move away from a zero rate interest rate policy, means that we are unlikely to see a repeat of the strong gains of last year.

Fund Details