First UK corporate bond CIF launches

Governance | 28 Oct 2009

Epworth has launched the UK’s first corporate bond common investment fund - the Affirmative Corporate Bond Fund, worth £106m and yielding 5 per cent.

An Epworth spokesman said it’s been created in response to direct demand from charity investment advisers and clients and to increase investment opportunities for charities facing low interest rates and drops in government bond yields.

Epworth’s sister organisation, the Central Finance Board of the Methodist Church, has run a corporate bond fund for seven years.

Bill Seddon, chief executive of Epworth, commented: “For the first time charities have the opportunity to invest in a bond portfolio yielding more gilts without worrying about the quality of bonds. The Affirmative Corporate Bond Fund is attractive for those seeking income whilst wishing to limit risk.”

Directory: Epworth Investment

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