Bonds hold 46% equity exposure

Distribution bonds are holding an average equity exposure of 46%, according to research from interm...

Distribution bonds are holding an average equity exposure of 46%, according to research from intermediary group Chartwell. This figure is relatively unchanged from the 1999 and 2000 figures, 48% and 46% respectively, when there were 15 bonds on the market from 13 providers. Eleven such products are currently on the market from nine providers, with Axa's Distribution Bond the oldest and largest. Pat Connolly, director at Chartwell, said there are other products on the market calling themselves distribution bonds but these differed in structure and some had 100% of funds invested in ...