Old Mutual is to have a two week offer period on its forthcoming Dynamic Bond Fund run by former New...
Old Mutual is to have a two week offer period on its forthcoming Dynamic Bond Fund run by former Newton manager Theresa Egan. The product, which launches on 16 September, will invest mainly in investment grade and high yield corporates. Egan can also use un-rated paper, gilts, cash, convertibles and floating rate notes to try and produce a gross income yield of 6.18% with a gross redemption yield of 5.26%. Income is distributed monthly with the first payout being on 30 November 2004. Minimum investment is £1,000 lump sum or £250 per month. The initial charge is 3.5% with up to 3% initial ...
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