Five years ago

What made the news on 11 January 1999

Schroders bond fund launch Schroders was launching a high yield bond unit trust, with a target yield of 7% gross. It hoped to use the skills and input of its equity team in selecting stocks. Managed by Robert Barnard Smith, it was to have 45% in A-rated stock and 45% in BBB bonds. M&G incentive on Isa sales M&G was offering a bonus to investors of up to £200 to invest in the group's Isa range. The group was operating a sliding scale voucher system whereby an investor putting £6,000 into an M&G Pep before 1 February would receive a voucher to the value of £200 which could be redeemed...