Duo to relaunch corporate bonds in bid to increase market share for ISA season
First State Investments and Dresdner RCM Global Investors are both to relaunch corporate bond funds with radically altered mandates. The pair are the latest fund managers to revisit bond funds in their ranges in preparation for relaunches seeking a greater Isa season market share. Dresdner plans to relaunch the £85.8m Dresdner RCM Managed Preference & Bond Fund as a straight corporate bond fund managed by its sister company, US bonds giant Pimco. First State is to relaunch its own £11m Corporate Bond fund, listed in the UK corporate bond sector, under manager Malcolm White, the group'...
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