Group seeking to rename friends provident high income bond and alter charging structure
Isis is seeking unitholder approval to rename the Friends Provident High Income Bond fund Isis Strategic Bond when the group rationalises its fund range this summer. The fund, which celebrated its third anniversary on 8 February, has always had an unrestricted investment mandate and the name change is set to reflect this. To coincide with the change, Isis is also seeking approval to take the 1% annual charge on the fund from capital rather than income to boost yield. The fund has been run by James Foster since September last year, following the merger of Friends Ivory Sime and RSA Inv...
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