Lincoln launches corporate bond fund

Lincoln has launched its first corporate bond trust. The asset allocation policy for the fund is to be 90% invested in investment grade bonds of which 65% must be A rated. Goldman Sachs is managing the product with the objective of providing a balance between income and capital security. Lump sum investors with at least £500 to invest attract a 4.75% discount on the usual 5% inital charge. The offer ends on 30 April. Regular savers can invest as little as £50 per month. The fund offers an income yield of 7.11% with a gross yield redemption of 6.3%, including the discount offer, a...