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.

Standard Life launches Short Duration Credit fund

Standard Life launches Short Duration Credit fund

Standard Life Investments has launched a Short Duration Credit fund for Daniel McKernan, who was recruited from Swip last year.

The fund is the successor to Standard Life’s Select Income fund, which has been renamed and restructured. The principal change entails the fund reducing its duration risk through the use of derivatives, while its benchmark has switched from the IMA Sterling Corporate Bond sector average to a custom-hedged corporate bond index.

‘We continue to see value in credit spreads, but recognise that some investors are increasingly concerned about the negative impact that rising rates could have on the performance of corporate bonds,’ McKernan said.

‘The Short Duration Credit fund enhances the choice of fixed income funds we have available to retail investors and provides investors access to our credit selection expertise, but with materially less exposure to changes in interest rates.’

Leave a comment!

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

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter