NU adds fixed income funds to range

Norwich Union is bringing two bond funds to the retail market following a review of its fixed income...

Norwich Union is bringing two bond funds to the retail market following a review of its fixed income product range. They will sit in the newly-created IMA sectors, £ High Yield and £ Strategic Bond, and will be outsourced to Morley Fund Management. Both funds are slated for launch on 24 September. The Norwich Strategic Bond fund will be managed by Chris Higham, who returned to Morley last year following a stint at Old Mutual. The fund’s remit will see it focus largely on the European fixed income market, but the manager will have the flexibility to invest in global markets including...