Lloyds TSB offers High Income fund

Lloyds TSB Offshore Fund Managers has launched its Euro High Income fund, which will target an income of 4.5%. The product is the euro version of the group's Sterling High Income fund. Scottish Widows Investment Partnership, the asset management arm of the Lloyds TSB Group, manages the portfolio, which holds investment grade Eurobonds. The product is Jersey-domiciled and is distributed in the Channel Islands and the UK. However, at a later stage the group plans to register the product in Malta and Cyprus for distribution to expatriates. As part of this proposal Lloyds TSB Offshore is op...