Threadneedle Absolute Return Bond Fund to be launched

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Threadneedle Absolute Return Bond Fund to be launched

Thu 29th Sep 2005

Threadneedle Investments has announced its new bond is ready to be launched, available to customers in two share classes.

Class 1 and 2 net accumulation shares have no initial charge and annual management charges of 1.25 per cent and 0.65 per cent respectively.

The bond aims to return 60 per cent above three month London Interbank Offered Rate (LIBOR) – before charges and tax, which means an approximate return of 5.75 per cent for investors.

Guy Beech, head of wholesale and retail, explained the idea behind the bond: "Our concept is to manage a wide and well-diversified range of short-term strategies within a strong framework of risk control."

The Threadneedle Absolute Return Bond Fund can be held in a stocks and shares ISA and is available from October 3rd with the price per share standing at 50 pence.

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