Standard Life Select adds value

Fixed interest

Managed by Andrew Sutherland, this fund has an interesting asset allocation model, which essentially...

Managed by Andrew Sutherland, this fund has an interesting asset allocation model, which essentially means it is a low risk corporate bond fund, but with some added yield potential. Rather than focusing solely on high-quality investment grade bonds, Sutherland can also take up to 20% in high-yield bonds, and this gives the fund some useful potential to add value relative to a pure high-quality fund. As it happens, Sutherland does currently utilise his full 20% allowance and the effect of this is apparent when you look at the current yields. The redemption yield for the retail share clas...