City Financial gilt fund tops IMA sector in '07

Managed by Ian Williams, the £20m fund returned 6.47% over the course of last year, according to Lipper statistics (29 December ‘06 to 31 December ‘07). Next best was the Scottish Widows Gilt fund, which returned 5.39% in the same period, followed by the Schroder Institutional Sterling Bond fund with 4.8%. Launched in December 2006, the City Financial Strategic Gilt fund invests solely in AAA UK Government bonds and is available to retail, institutional and private investors. Williams says the firm has been surprised by the level of interest in the fund. “Given the current economic ...