Old Mutual corporate bond fund launch

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Old Mutual Asset Managers is to launch a corporate bond fund with a minimum 80% in investment grade ...

Old Mutual Asset Managers is to launch a corporate bond fund with a minimum 80% in investment grade instruments, writes Robert Stock. The group intends the portfolio to be lower risk than high yielding funds. An application has been lodged with the FSA, and Old Mutual hopes to be able to open a three-week fixed offer period on the unit trust from the middle of June with the first pricing towards the start of July. There will be a minimum investment of £1,000 and Old Mutual said initial fees and annual management fees will be lower than on the group's equity funds to reflect the nature of...

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