Corporate bond ready for june launch with aim of having credit rating of no less than -A
Rothschild Asset Management is set to launch a corporate bond fund in June, subject to regulatory approval. Domiciled in Guernsey, the product offers a high level of income with a possibility of capital growth through investing in sterling and euro corporates. A relatively small holding of 10% will be held in corporate bonds in emerging Europe. Around 70% of the initial portfolio will be in A-rated bonds or above. In the long term, the overall intention of the portfolio is to have a credit rating of no less than -A. Rothschilds already has a similar product for the institutional mar...
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