Investec to rebrand Sterling Bond as 'Strategic'

Investec will rename its Sterling Bond fund under the ‘Strategic' brand next month in a move to more accurately reflect the portfolio's investment objective.

Managed by John Stopford, the £237m vehicle will be called the Investec Strategic Bond fund from 12 July. At end April, the Investec Sterling Bond fund has 64.9% of its assets in the investment grade credit and 24.8% in high yield credit. The duration on the portfolio was 5.3 years. "We believe this name more accurately reflects the investment style of the fund which aims to provide an income primarily through investment in high quality bonds globally whilst being managed to minimise any currency risk in sterling," Investec Asset Management director Mike Langdon says. "This is a ch...