Brown Shipley merger forms £100m portfolio

Brown Shipley has merged the Solus Gilt Income fund into Sterling Bond to create an overall portfoli...

Brown Shipley has merged the Solus Gilt Income fund into Sterling Bond to create an overall portfolio of £100m. Both run by Brown Shipley's chief investment officer Kevin Doran, the £9m Gilt Income fund is bottom of its sector to 26 September. Sterling Bond, has performed in line with the UK Corporate Bond sector over three and five years, although it is nearer the bottom of the peer group over shorter timeframes. Peter Collier, Brown Shipley's business strategy director, said the Gilt Income fund was relatively small and the group feels it is in the best interests of investors to a...