|
The rather grey area of bonds was transformed in the Summer of 2007, to one of outstanding opportunities, and the manager of this fund, James Foster, thought that there were "stunningly cheap" opportunities among investment grade bonds. He believes there is little risk to the yield (approaching 7% after charges) and some scope for capital growth in addition if interest rates do trend down over the next 1-2 years. There appears to be an unusually good opportunity in bond funds right now, and this manager has full flexibility, and experience, to take advantage of these as they arise.
|