This fund aims to outperform the Bank of America Merrill Lynch Non-Gilts (Gross Total Return) Index over a three to five year period. At least 80% of its assets are invested in fixed and floating rate investment grade securities issued by companies worldwide, directly or indirectly through credit default swaps and credit default swap indices, and denominated in sterling (or in other currencies and hedged back into sterling). This fund is actively managed. Income is distributed.
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