Select Income Fund

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The Select Income Fund is the latest addition to the Standard Life Investments range. It will appeal to investors looking for a stable and high income, but with lower risk than a typical equity investment. And with a special initial commission rate of 4% until 15 July 2003, it's also likely to be popular with IFAs!

The Select Income Fund can invest up to 20% of it's portfolio in sub-investment grade bonds, meaning it has the flexibility to identify the best investment opportunities from the full spectrum of bonds available on the market. The current target yield on the Fund is a healthy 6.5% - 7%, and that's after charges! Given the present low interest rate environment this is a much higher return than you can expect to receive from bank or building society accounts. (Although unlike a bank or building society, your capital is not guaranteed). Clients can invest from as little as £50 a month or fro...

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