Keystone puts £9m into bonds

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The £115.9m Keystone Investment Trust has invested around £9m in corporate bonds as part of its rest...

The £115.9m Keystone Investment Trust has invested around £9m in corporate bonds as part of its restructuring, following a mandate shift from Merrill Lynch to Invesco Perpetual in January. Fund manager Mark Barnett said the portfolio of 10 sterling-denominated bonds has a weighted average investment-grade rating. 'The board didn't want to overly restrict me, but I can't have more than £15m invested in corporate bonds and they must be above investment grade on a weighted average basis,' he said. 'It's very stock specific, and a number of the bonds are from companies I have stocks in alr...

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