Spotlight on... our sterling bond portfolio
Over the last quarter, returning risk
appetite and normalization in the credit markets, has seen a
growing focus on corporate bonds as the investment of choice. The
significant flow of funds into this asset class have been driven by
the attractive yields on offer, compared to historically low cash
rates, and the prospect of continued volatility in equity
markets.
The predictable stream of payments bonds
deliver, as a consequence of their regular coupon distributions,
help facilitate financial planning - be it for school or university
fees, retirement income or simply meeting day-to-day living
expenses.
Fairbairn Private Bank offers investors access
to the fixed income market through our recently launched sterling
bond portfolio. Available as part of our discretionary investment
management service, for a minimum investment of £250,000 or more,
this income generating strategy aims to deliver returns in excess
of cash, whilst preserving capital invested. The principal holdings
are in sovereign (ie, government) and / or investment grade
corporate debt and, when appropriate, the mandate may also
make satellite investments into emerging market and high yield
bonds.
The strategy has been running for eight months (launch date
30/11/08) and the return for the seven-month period to the end of
June was 9.30% net of fees.
The benefits of our sterling bond
portfolio:
- Income generating potential
- Potential for capital growth
- Low volatility (targeted 3 to 7% standard deviation)
- Easy access (minimum withdrawal of £10,000 or currency
equivalent. It can take up to 7 days for funds to become
available).
The risks:
- Investors must be aware that corporate bonds typically have
more risk, ie, credit and default risk, than government debt of
developed countries
- The price of, value of, or income from your investments can
fall as well as rise and you may not get back the original amount
invested
- Past performance is not necessarily a guide to future
performance.
Datasheet available to
view online. Other versions are available on request.
To find out more about this service and
explore other options available, please contact your relationship
manager directly or our client services team on +44 (0) 1624
645000.