Unconstrained  

Hermes launches specialist unconstrained credit fund

 

Fees/charges:

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0.65 per cent a year of net asset value, accrued daily and payable monthly in arrears at the end of each calendar month. No performance fee.  

 

Verdict:

Hermes’ flexible mandate approach will attract advisers who want to manage their portfolios at a time when it has been said the bond market is in a bubble and prices are too high.