Aberdeen Global - Sterling Corporate Bond Fund
The Fund's investment objective is to aim for a high and stable income through investment in a portfolio of Sterling denominated fixed interest, floating rate and variable rate securities including preference shares and convertible securities, with an emphasis on those assets which offer a higher yield than gilts. The Fund will invest in a Sterling denominated portfolio of both investment and non-investment grade securities without regard to the domicile of the issuer. Investment grade securities are considered to be Standard & Poor's long-term rated BBB– or higher or the equivalent on the scale of other ratings bodies. The emphasis will be on investment grade corporate securities, however, the Fund may invest up to 10% of its net assets in below investment grade securities. A proportion of the portfolio may be invested in gilts. The portfolio will include governmental issues, corporate debt and high yielding fixed interest, floating rate and variable rate securities issued by international bodies including governments, governmental organisations and supra-national bodies, particularly those issued in the Eurosterling Market. The majority of the portfolio will be invested in securities which are listed on the Eligible Markets of the European Union, Switzerland and the European Economic Area. The Manager will not place any particular emphasis on specified maturity dates on acquisition. Securities acquired on the conversion of convertible securities held within the portfolio (or pursuant to schemes of reconstruction) and warrants attaching to investments acquired for the Fund may also be held for so long as the Manager considers appropriate to maximise their realisation value. No more than 5% of the net assets of the Fund may be invested in warrants. Securities held by the Fund will be listed or traded on Eligible Markets, except as otherwise permitted by the investment restrictions.
The base currency of the Fund is Sterling.
Minimum investment $1,500 or currency equivalent.
Invest through investoffshoredirect.com and the initial charge is reduced
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