F&C Sicavs based in Luxembourg

Foreign & Colonial has launched three Luxembourg-based Sicavs: European High Yield Bond, F&C Global Equity and F&C European Equity funds. Available to institutional and retail clients, the European High Yield Bond Fund was launched in September, but has not been actively marketed until now. The fund, which has e60m in assets, targets high-yield corporate bonds issued by firms with stable or improving credit risk from the EU or OECD member states. The fund is denominated in euros and invests primarily in bonds that have a credit rating of BB, B and CCC or equivalent. Dr Jeremy Toner, a mem...