Solus to rationalise fixed interest product choice

Solus is to merge its £6.4m Sterling Corporate Bond and £22.8m High Yield funds and rename it the St...

Solus is to merge its £6.4m Sterling Corporate Bond and £22.8m High Yield funds and rename it the Sterling Bond fund. This is to take place as part of a conversion of the group's unit trust range into an Oeic. As part of this three existing unit trusts, Gilt Growth, Gilt Income and Short Dated Gilt, will become Oeics. The unitholder vote on the changes takes place on 12 February and assuming it succeeds, the conversion will happen on 17 February. Kevin Doran, who runs Sterling Corporate Bond and High Yield, said the planned change in name to Sterling Bond, is to reflect the fact the por...