David Smith & Lee Gardhouse, Fund Managers
This is our solution for exposure to bonds. We combine our favourite bond fund managers in a single, diversified investment. We use a flexible approach to target a combination of capital growth and monthly income over the long term, but adopt a more defensive stance when we are cautious on the prospects for bond markets.
Currently, the portfolio combines a blend of funds from different areas of the market. Investment grade bond funds invest in higher quality bonds with lower risk of default but with lower yields. Higher risk bond funds generate more income, while strategic bond funds have greater flexibility in where they invest. Finally 'total return' funds offer the potential for some shelter in a tougher environment for bonds.
At a glance
Sell: 185.35 | Buy: 190.96
View the HL Multi-Manager Strategic Bond fund prospectus.