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Smith & Williamson Fixed Interest Trust

Ranked 89 out of 108 in - Sterling Corporate Bond over 12 months
All calculations are in GBP

Managed by

John Anderson

John Anderson acquired his taste for fixed interest investments in 1984 with British Rail Pension funds, where he worked as a trainee fund manager. In 1986 he got his first senior fund management role with Co-operative Bank and went on to become an investment director at the group and an instrumental figure in the establishment of Co-operative Investment Management, the fund management arm of the group. Anderson joined National Provident Institution (NPI) in 1992 and was quickly promoted to head of fixed interest and treasury, a position he held for five years before joining BWD Rensburg Unit Trust Managers. He then joined Gartmore in July 2009 where he spent nearly two years before joining JP Morgan in April 2011. John joined the fixed income team at Smith and Williamson in 2014. Born in September 1960, Anderson is a graduate in Business Studies from Thames Valley University.

Christopher Lynas

Fixed Income specialist Christopher Lynas focuses on credit and duration management for his Fixed Interest fund and various segregated portfolios. Born in Northern Ireland in September 1964, Lynas studied Chemistry at Imperial College, London and started out in the City with Hoare Govett in 1986, firstly in the back office and then the dealing desk, before he was promoted to private client manager. In July 1990 he joined Smith & Williamson and is a director at the group.

Objective

The objective of the Trust is to achieve a high income through investing primarily in a variety of investment grade fixed interest instruments without geographical restriction and preference shares in UK and European community companies. The Manager intends to retain ISA qualifying status and suitability for pension funds.

Performance

Sterling Corporate Bond over : 30/11/2013 - 30/11/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 2.6% 3.1% 1.2%
2013 -3.3% 1.4% -5.4% 0.8% 0.0%
2012 9.8% 0.5% 3.4% 3.2% 2.3%
2011 15.0% 0.6% 2.6% 5.1% 6.0%
2010 9.0% 4.2% 2.7% 5.9% -3.9%
2009 8.8% -0.5% 2.8% 8.1% -1.7%
2008 -3.0% -1.2% -0.8% -0.9% -0.1%
2007 2.1% 0.3% -1.1% 1.7% 1.3%
2006 -3.2% -1.9% -4.8% 4.7% -1.0%
2005 9.0% 0.1% 5.7% 1.6% 1.3%
2004 7.6% 0.1% -1.2% 3.7% 5.0%
2003 6.0% 0.0% 6.2% -1.2% 1.1%
2002 7.4% -0.6% 3.3% 3.3% 1.2%
2001 3.4% -0.7% 0.4% 2.4% 1.3%
2000 9.0% 0.9% 0.4% 1.7% 5.9%
1999 -1.2% -2.5% -0.2% -2.2% 3.7%
1998 19.7% 2.4% 4.4% 4.6% 7.0%
1997 14.2% 3.9% 2.9% 3.7% 3.2%
1996 7.1% -1.7% 2.9% 2.7% 3.1%
1995 3.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date03/05/1995
  • Share Class size29Mn
  • Base currencyGBP
  • ISIN GB0008193038

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment0

Charges

  • Annual management1.0%
  • Initial investment5

Related News

S&W hires ex-JPM veteran for fixed income trust

John Anderson managed JPMorgan's Sterling Corporate Bond fund.

Smith & Williamson launches global bond fund for Lynas

The firm will launch the Global Government Bond fund for its head of fixed interest Chris Lynas.

Smith & Williamson AAA-rated duo: the perfect fund for these times?

S&W's Chris Lynas and Ian Kenny launched their Short-Dated Corporate Bond fund at the height of the financial crisis. It has been seen as a safe haven since but with interest in risks assets growing what does the future hold for the fund.  

Smith & Williamson opens eight funds to wealth managers

Smith & Williamson Investment Management made eight more of its fund range more accessible to wealth managers through the introduction of institutional share classes.  

Bond managers come unstuck in tough 2007

It has been far from a vintage year in the UK corporate bond sector with even the best in the field, John Anderson’s Rensburg Corporate Bond fund, returning just 5.8% during 2007

Sectorwatch: Nucleus powers ahead in corporate bonds

UK Corporate Bond managers have endured another tricky year, with the average manager in the sector posting a negative return of -0.14%.

Smith & Williamson may split Fixed Interest fund

Smith & Williamson’s Nucleus Fixed Interest fund may be split in half next year having combined two very different mandates over the past 12 months.

Sector Watch: Corporate bonds suffer bumpy quarter

Many of the leading UK corporate bond managers’ failed to capitalize on May’s equity downturn, despite the sector being seen as a safe haven in times of market turmoil.

Party's over for bonds, says S&W manager

'Bonds are not where the party is,' says Smith & Williamson bond fund manager Chris Lynas, adding his voice to the debate over whether investors should be piling into fixed interest funds, writes Phil Cain.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).