Correction: Ignis Corporate Bond fund underweight banks

Contrary to our earlier article ‘Are these bond funds too exposed to banks' the Ignis Corporate Bond fund is actually underweight the banking sector.

As stated in the article, using data from Fund Expert, the fund has 17% in banks but the context was not provided that it is 9.4% underweight the iBoxx index banking sector average. The fund has been significantly underweight banks since June 2010 and its position is   also primarily limited to the most robust UK retail banks. We are sorry for the lack of clarity in this instance.