Solus to rationalise fixed interest product choice

Professional Adviser
clock

Solus is to merge its £6.4m Sterling Corporate Bond and £22.8m High Yield funds and rename it the St...

Solus is to merge its £6.4m Sterling Corporate Bond and £22.8m High Yield funds and rename it the Sterling Bond fund. This is to take place as part of a conversion of the group's unit trust range into an Oeic. As part of this three existing unit trusts, Gilt Growth, Gilt Income and Short Dated Gilt, will become Oeics. The unitholder vote on the changes takes place on 12 February and assuming it succeeds, the conversion will happen on 17 February. Kevin Doran, who runs Sterling Corporate Bond and High Yield, said the planned change in name to Sterling Bond, is to reflect the fact the por...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •