Foster advises equities shift

head of credit aT ISIS advocateS INVEStORS moving from INVESTMENT GRADE BONDS to equities

Isis' head of credit has advised investors to sell out of the firm's investment grade £66.7m FP High Income Bond fund and move into equities. James Foster, who ran the fund until September 2002, when it was handed to current manager Fatima Luis, said investors would probably lose money unless they sold their holdings soon. 'It's a fund that has a good performance record and everybody likes it but I recommend people sell it,' he told delegates at a conference last month. 'You are going to lose money in investment grade this year. I believe we have a good credit process so I think we w...