Legal & General will launch its Dynamic Bond Trust to the retail market on 31 March.
Fund manager Dickie Hodges has run the fund, which requires a £500 minimum investment, since its launch in April 2007.
He says: “The fund is fully UCITS III compliant and is a genuinely unconstrained bond fund. Being able to manoeuvre around physical bond holdings by the use of derivatives gives me flexibility unavailable to a traditional bond fund.”
Since launch, the fund is ranked 9/52 in the UK Other Bond Sector(source Trustnet).
The fund has a 3% initial charge for retail investors, a 1.255% AMC and 0.03% charge for estimated extra expenses. There are no exit fees.
L&G has £108bn in fixed interest assets, £45bn of which are run by the active fixed interest team.
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