Royal London plans Dublin-based Oeic

offshore fixed interest range to comprise of high yield and sterling liquidity bonds with the former run along lines of the income trust

Royal London Asset Management (RLAM) is to bring out a Dublin-based Oeic with two fixed interest subfunds. The launch comprises a high yield bond and a sterling liquidity bond fund. Both are going to be sold back into the UK. Investment strategy on the first of these has not yet been decided but is likely to be run along lines similar to the onshore Royal London Income Trust. This invests in a mixture of investment grade and unrated bonds from UK corporates and the government securities. The key difference is that the offshore version will be able to invest in higher yield paper...