S&W offers Short-dated Corporate Bond fund

The fund will be invested in investment grade sterling, euro and US$ denominated short-dated issues with an average duration of 2.5 years. Initial income yield, after charges, is expected to be 3.7%. Run by the group's experienced fixed interest team, it will be lead managed by Ian Kenny, assisted by Chris Lynas. The fund will have around 60 investment grade bond holdings from a spread of well-known blue chip companies, equally weighted, and while the fund is sterling based, to increase opportunities it will look to the US and Europe and hedge back to sterling. The initial currency allo...