Sarasin absolute return fixed income product

Sarasin has launched an absolute return-style product that holds primarily fixed income assets, but also holds equities and cash. The Guernsey-based Sarasin CI Income Portfolio takes advantage of the fact that real yields on good quality company bonds are close to their 20-year high. However, only 70% of the portfolio will be in bonds. The remainder will be in equities 20% and cash 10%. The equity content could, in more favourable circumstances, rise to as much as 35% subject to retaining a minimum of 60% in fixed interest. But bonds are to form the major portion of the new incom...