Neville James to launch bond fund

Neville James is seeking Imro approval for the launch of its first onshore Oeic, and plan to offer a corporate bond fund as its first sub-fund, writes Ruth Alexander. The group, which in the past has concentrated on traded endowment policy products, hope to have the Neville James Investment Fund's corporate bond sub-fund in place within four months. The Neville James Corporate Bond Fund, which is expected to have a 1% annual management charge, a 1% entry fee and offer up to 3% commission to IFAs, will be managed by Peter Mason, who joined the group in August 1999 as investment direc...