“The interest rate sensitivity will be managed, but it is still not negligible, and so generating significant returns may prove something of an uphill battle. Investec is a decent house and we will keep an eye on progress, but have preference for other managers at the moment, such as Pimco and TwentyFour.”
Charges:
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Ongoing charges of 0.87 per cent a year.
Verdict:
These types of bond funds do appeal in this environment, but according to investment experts it is not obvious that many managers have really delivered, given the tools at their disposal.
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