Corporate bonds lose out

Cazenove UK Corporate Bond fund manager Michel Gonnard believes the majority of funds in the UK Corp...

Cazenove UK Corporate Bond fund manager Michel Gonnard believes the majority of funds in the UK Corporate Bond sector are missing opportunities to add value by avoiding the lower end of the investment grade bond market. The UK Corporate Bond is the first of a number of sub-funds to be marketed from the group's Oeic, launched to facilitate its drive into the retail market. Further funds are to be made available from the group's 15 Oeic sub-funds, with the next launch likely to be the group's S&P AA-rated European fund, managed by Jean-Marc Fraysse. Gonnard said the majority of the market...