Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter