Threadneedle cuts initial charge on bond

Threadneedle Investments has cut the initial charge on its just-launched Strategic Bond Fund by 0.75...

Threadneedle Investments has cut the initial charge on its just-launched Strategic Bond Fund by 0.75%, to 3%, during its initial offer period between 5 and 23 November. The fund will have a gross running yield of 7.5% and a gross redemption yield of 5.83%. However, as the fund is managed for total return from income and capital growth, the yield will alter as the balance of the portfolio changes between high yield and low yield bonds. The Strategic Bond Fund will be managed by Ted Bacon, who runs the Threadneedle UK Corporate Bond Fund. He will be assisted by Barrie Whitman, who runs th...