Edinburgh to alter fixed interest fund

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Edinburgh Fund Managers is looking to change the target yield and the portfolio composition of its U...

Edinburgh Fund Managers is looking to change the target yield and the portfolio composition of its UK Fixed Interest Oeic, writes James Thorneley. The target yield on the £20.4m fund is 7.07% and Edinburgh is keen to have a high yield vehicle for the Isa season. Nigel Whittingham, group marketing and sales director at Edinburgh, said they would be looking at the fund in the light of various corporate bond funds launched last year providing yields of 8%. He added: "A lot of income funds are offering a higher yield than ours. The problem is the portfolio holds a lot of preference shares wh...

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