Flemings is to offer a high yield bond fund

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Fleming Unit Trust Management looking to launch a corporate bond unit trust in September, writes Jam...

Fleming Unit Trust Management looking to launch a corporate bond unit trust in September, writes James Thorneley. The group intends to offer investors a yield at launch of around 7.5% and the majority of the portfolio will be invested in the UK. The launch of the fund should fill a gap in the Flemings product range. The group feels the product is necessary as many of its competitors already offer similar products in their Isa plans. Flemings has relatively little exposure in corporate bond products offered to the IFA market but it has experience of corporate bonds through its segregate...

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