HL comment
Our view on this Fund
The managers feel market volatility is likely to continue, and in this environment Paul Causer and Paul Read expect the majority of returns to come from income. However, one area they find attractive is the financial sector, particularly selective northern European banks. While these positions have hurt short-term performance, they remain confident these can deliver both attractive income and capital growth.
14-11-2011
Information from the fund manager
Simplified prospectus/Key Investor Information
Document
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL sector comment: GBP Corporate Bond
Our view on this sector
At the time of writing, gilt prices remain at record highs with yields at record lows of around 2.1% on ten-year gilts. Recent turmoil has adversely affected some sectors of the bond market, notably financials and high yield bonds. In the opinion of many, financials remain a difficult call as both politics and economics are heavily involved. There are three different sectors in the UK bond space - investment grade, high yield and strategic; each offering differing prospects and characteristics. Make sure the bond funds you hold suit your objectives.
13-12-2011
