Distribution falling on corporate bonds

fixed interest

payouts on popular funds dip 30% over past three years

The distribution paid out on some of the most popular fixed interest and corporate bonds funds has fallen by almost 30% over the last three years. Research by Hargreaves Lansdown found that between 2000 and 2003 the distribution paid out by the Jupiter Corporate Bond fund, managed by John Hamilton, has fallen some 29.88%, from 2.75p in 2000 to 1.93p three years later. Ben Yearsley, investment manager at Hargreaves, said there have been two main reasons for the decline in dividends over three years. Firstly investors have been coming into the sector at a time when prices have been rising,...