The bonds funds team at F&C has added two payment-in-kind (PIC) bonds to its bond fund range. Fatima...
The bonds funds team at F&C has added two payment-in-kind (PIC) bonds to its bond fund range. Fatima Luis, strategic bond manager at F&C, said it had decided to invest for the first time in the two payment- in-kind bonds because of predictions that the companies offering them would redeem the bonds early, providing attractive returns in a short space of time for investors. The PIK notes are held in paper packaging outfit Jefferson Smurfit and specialty chemical company Cognis.
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