SVS Brown Shipley Sterling Bond Fund

The aim of the SVS Brown Shipley Sterling Bond Fund is to offer investors a “Risk Conscious Route to Income”.

Launched – July 1995
Fund size: £75.93m at 30 April 2017
Ongoing Fund Charge: A Acc and A Inc Share Class 1.07%
Payment dates – Last day of February, 31 May, 31 August, 30 November
Latest fund prices
Distribution Yield – 2.79%
Underlying Yield – 1.75%
Latest fund prices

SVS Brown Shipley Sterling Bond Fund Commentary 30 April 2017 

In April global politics were once again in focus. Theresa May performed a U-turn and called a surprise snap general election. Her reasons being that a stronger government will lead to a stronger Brexit negotiating position. Cynics point instead to a weak opposition being the reason for the election. Either way it was seen as a positive event for the UK – sterling, a general gauge of foreign confidence in the UK economy strengthened post the announcement, moving up from $1.25/£ to $1.30/£ at the end of the month#. Global sentiment was further improved by a perceived positive outcome from the first round of French elections. Macron and Le Pen made it through to the second round, however Macron holds a 20 point lead – his pro-growth pro-Europe policies are seen as a positive not only for France, but Europe as a whole as it reduces the likelihood of a breakup of the union, with Italian elections looming large next year. However good news is also bad news for the bond markets – strong European growth will further strengthen the case for the complete tapering of quantitative easing which in our view means global bond yields are at an inflection point as central bank policy starts to tighten.

Source: # Bloomberg  

Matthew Brennan, Fund Manager

Contacts Us


For further fund information, investor enquiries, dealing enquiries and valuations please contact Smith & Williamson:

By Phone: 0141 2221151

By Letter:

SVS Brown Shipley Funds
Smith & Williamson Fund Administration Limited (trading as St Vincent St Fund Administration)
25 Moorgate
London
EC2R 6AY

For investment related queries please use the contact form below.

 

Investment Service

The information contained on this webpage is gathered by fund managers and analysts and is being provided to professional investors and advisors for information purposes only. It is designed for Professional Investors only and should not be circulated to Retail Investors.

The value of investments and any income from them may fluctuate and is not guaranteed. Investors may not get back the amount originally invested. Currency fluctuations may cause the value of underlying investments to go up or down. Changes to interest rates can affect the values of high yielding bonds. Past performance is no guarantee of future performance.

For further information please contact:

 

Matthew Brennan

Head of Fixed Income and Senior Fund Manager

Matthew Brennan

Competitive income in a risk conscious manner - our discussions with investors tells us that this is what they want. We never forget just whose money it is.

Find out more about the SVS Sterling Bond Fund

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