Hargreaves Lansdown has launched the HL Global Corporate Bond fund as part of its portfolio building blocks, which will sit alongside the HL US and HL UK Income funds.
The fund will start trading on 20 July, and the platform will offer a £1 launch price until the end of 19 July. The fund will invest at least 80% in global investment-grade corporate bonds and up to 20% in other types of debt instruments, and will be benchmarked against the ICE BofA Global Corporate Bond index. Hargreaves Lansdown adds BNY Mellon multi-asset fund to Wealth Shortlist HL explained the yield on corporate bonds has increased over the last year, sparking a surge in interest from investors. The platform group said the yield range for the fund was expected to be betwee...
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