Threadneedle to give Strategic Bond wider powers for derivative use

Threadneedle is preparing to add wider powers to its Strategic Bond fund, giving it the ability to invest in a range of derivatives.

The proposals, which are subject to shareholder and FSA approval, will see the fund able to hold a wider range of sophisticated instruments. The £411m fund, managed by Barrie Whitman, was launched in 2003. It invests across UK and European bond markets, holding both investment grade and sub-investment grade credit. Gary Collins, the group’s head of UK wholesale, says the advent of Ucits III has meant fund managers have more investment options. “We have a range of bond funds including UK Corporate Bond, High Yield Bond, and Credit Opportunities which is an Ucits III absolute return ...