Income Oeic from Royal SunAlliance

Royal & SunAlliance Investments is to launch a high-yield corporate bond Oeic fund on 17 January with a target yield of 8.6%, writes Leo Bland. The Royal & SunAlliance Extra Income Bond fund will be run by James Foster. Foster runs the High Income Bond which is a corporate bond fund. Around 50% of the portfolio of the new fund will be in investment grade bonds with around 50% in sub-investment grade debt including European high-yield bonds. The fund will not be investing in corporate bonds with a rating lower than B. Around 60% of the currency exposure in the fund will be in euros with a...