Royal & SunAlliance Investments and Standard Life Investments are cutting the headline yield on thei...
Royal & SunAlliance Investments and Standard Life Investments are cutting the headline yield on their high yield corporate bond funds in the wake of the new Autif rules on bond yield calculations, writes Leo Bland. As reported in Investment Week, from the beginning of this month fund management groups must give equal prominence to gross redemption yields as well as running income yields within all of their marketing literature. Both the income yield and redemption yield will have to reflect the impact of all charges in the new industry-wide standard calculation. Autif, along with the su...
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