Autif moves on bond fund classification

Autif is planning to make more changes to the current bond fund sector classification, due to be implemented by the end of March, writes Jane Wallace. The UK Gilt sector is to have its definition tightened from a minimum 80% to 90% gilt content. As reported by Investment Week last November, the current UK General Bond sector will be split into a UK Corporate Bond sector covering investment grade bond funds and a UK Other Bonds sector comprising non-investment grade bond funds. To qualify for the UK Corporate Bond sector, funds must invest at least 80% of their assets in sterling-denomin...