Standard Life to launch higher income bond fund

Standard Life Investment Higher Income bond fund, to launch on 7 February, will feature a target yield of 8% and have a portfolio of 25 stocks. The fund, to be managed by Andrew Sutherland, will invest 40% in high yield, consisting of only 10 holdings. The remainder of the portfolio will be a mixture of investment grade corporates, debentures, emerging market sterling debt and structured or securitised deals. The 3% initial charge will go to the intermediary and there is an annual fee of 1% of which 0.25% is available as renewal. The fund is Isable. There are four share classes, retai...