Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Skandia merges Artemis Strategic Bond mirror into Old Mutual fund

Skandia merges Artemis Strategic Bond mirror into Old Mutual fund

A mirror version of the Artemis Strategic Bond fund run for Skandia is to be closed, with the assets transferred into an Old Mutual product.

The Old Mutual Artemis Strategic Bond fund launched in April 2013, but had attracted only £13 million of assets.

It will now be liquidated later in August, with investors switched into the Old Mutual Monthly Income Bond fund instead.

‘Due to the small size of the fund it was uneconomical to keep it running,’ a spokesperson for Skandia told Wealth Manager.

‘In agreement with Artemis we have chosen to move the assets into the Old Mutual Monthly Income Bond fund that has similar objectives and is an appropriate alternative solution for investors.’

The main Artemis Strategic Bond fund, which is managed by the Citywire + rated team of James Foster and Alex Ralph, contains £768 million. Old Mutual Monthly Income Bond, run by A-rated Christine Johnson (pictured), holds £130 million.

Both funds sit in the Sterling Strategic Bond sector. Artemis Strategic Bond has returned 25.1% over the past three years while Old Mutual Monthly Income Bond has generated 36.7%, both ahead of the peer-group average of 24%.

For more on corporate bonds, visit Citywire's dedicated CPD site

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Alex Ralph
Alex Ralph
14/46 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 36.12%
James Foster
James Foster
17/46 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 34.73%
Christine Johnson
Christine Johnson
9/46 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 38.74%
Citywire TV
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the FED

Winter market warmers, the post QE world and timing the FED

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter