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: £53.73m at 31 August 2017
Ongoing Fund Charge: A Acc and A Inc Share Class 1.04%
Payment dates – Last day of February, 31 May, 31 August, 30 November
Latest fund prices
Distribution Yield – 2.33%
Underlying Yield – 1.22%
Latest fund prices

Ongoing Fund Charge figure is annualised based on the expenses incurred during the period 01/01/16 to 31/12/16. 

SVS Brown Shipley Sterling Bond Fund Commentary 31 August 2017 

August proved to be a month of brinksmanship. It began with North Korea threatening to fire missiles near the US territory of Guam. In typical Trump fashion he responded with the promise of ‘fire and fury like the world has never seen’ if North Korea did fire the missiles. The rhetoric continued to build and although in the end North Korea decided to fire its ballistics in the other direction geopolitical tensions remain heightened. Over the month the VIX index (a measure of equity market volatility) ranged from lows below 10% to highs of above 16%, the highest level since Trump was elected in November 2016*. Higher volatility is associated with higher risk and uncertainty. As such bond credit spreads widened slightly over the month. On the other hand government bond yields fell – the 10 year gilt yield fell from 1.23% to 1.03% over the month as investors moved to safe haven assets. Overall these moves meant corporate bonds delivered a positive performance over the month, although they did underperform government bonds. Our shorter duration position held back performance, however this was somewhat mitigated by our current positioning in high rated, liquid credit and allocation to government and supranational securities. .

Source: *Bloomberg

Brown Shipley Fund Management Team

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.

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