F&C cuts 'investment' bonds

Ian Robinson, manager of the F&C Fixed Interest fund, and Fatima Luis, manager of the F&C Strategic Bond fund, have made the move despite the ‘surprisingly’ high issuance levels in September and October. Sterling non-financial issuance, including companies such as Next, ITV and Centrica, topped £5bn. Meanwhile Euro non-financial issuance soared to more than €29bn compared to €15bn during September and October 2005, according to F&C. But Robinson, having made a prediction in August that there would be a rise in issuance, said that against the normal trend the corporate bonds market had for...