Objective is to track the performance of Bloomberg Sterling Corporate Bond Index, and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index. The Bloomberg Sterling Corporate Bond Index is measuring the performance of investment grade, GBP-denominated, fixed-rate corporate bond and filtering for securities with a sector of corporate only. The Bloomberg Sterling Corporate Bond Index is a component of broad-based Bloomberg Barclays flagship indices, such as the Sterling Aggregate Index and multi-currency Global Aggregate Index to measure the performance of GBP-denominated, investment-grade, corporate bonds issued in global and regional markets.
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