Aberdeen's bonds focus

yield curve position sees manager phil roantree focusing on investment grade corporate bonds

The £167m Aberdeen Sterling Bond unit trust is focusing on corporate bonds in the middle part of the yield curve in a bid to avoid potential capital losses at the long end. The fund, managed by Phil Roantree, is focusing on five-to-10-year and five- to 15-year issues. Roantree will only buy investment grade corporate bonds for the portfolio, although he can hold on to issues that are subsequently downgraded, and will analyse the gilt yield curve to determine durations of bonds he holds. The gilt market is the key determinant of yields in the investment grade market and these are me...