Threadneedle bond fund

Threadneedle is to launch a fund offering a mixture of high yield and investment grade bonds, aiming to produce a target yield of around 7%. The fund, to be called the Threadneedle Strategic Bond fund and managed by Ted Bacon, will launch on 5 November. Bacon also manages the AAA-rated UK Corporate Bond portfolio and will be assisted by Barrie Whitman, who currently runs the High Yield Bond fund. They will be supported by a team of credit and fixed income strategists. The product will be a sub-fund of the group's existing Oeic umbrella. It will pay intermediaries up to 3% commi...