Hargreaves Lansdown is launching a multi-manager Strategic Bond fund seeking out high yields from a range of bond vehicles.
It will invest in funds including higher quality investment grade bonds, strategic bond funds with flexibility to invest in the whole spectrum of the bond market, and the higher risk high yield bond funds. The fund also has the flexibility to invest in government bonds either directly or through government bond funds as well as overseas exposure. It is expected the fund's bias will be towards the higher quality bond funds at launch, given the current uncertain market conditions. The new fund, offering accumulation and income share classes, will bring together individual bond funds ...
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