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Royal London Corporate Bond Fund - removed from Wealth 150

Kate Marshall | Tue 28 April 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

It has been announced Sajiv Vaid will step down as manager of the Royal London Corporate Bond Fund and will leave Royal London. The fund has therefore been removed from the Wealth 150 list of our favourite funds for new investment.

Following his departure Jonathan Platt, Head of Fixed Income at Royal London, will be appointed sole manager of the fund. Jonathan Platt is the fund’s existing co-manager alongside Sajiv Vaid and has been co-manager since launch in 1999. He will continue to have the backing of Royal London’s 20-strong fixed interest team and will maintain the fund’s long-standing investment process.

While we view Jonathan Platt as a highly experienced and talented fixed income manager, we feel it is prudent to remove the fund from the Wealth 150 at this time. Since joining in 2001, we feel Sajiv Vaid has played an increasingly important role in the fund's management and it is disappointing to see Royal London lose a valuable resource. The group will look to hire a new member to join the team in due course, although it has not been confirmed whether the new recruit will have any direct fund management responsibilities. We will continue to monitor the situation and inform investors if our views change.

Upon leaving Royal London, Sajiv Vaid will join Fidelity Worldwide Investments. The move is expected to take place at the end of July 2015 and he will become co‐manager, alongside Ian Spreadbury, of the Fidelity MoneyBuilder Income and Fidelity Extra Income Funds.

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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