Standard Life launches two bond funds

Standard Life Mutual Funds has introduced the Standard Life short-term bond fund and Standard Life high-yield bond fund.

The short-term fund will provide current income, preserve capital and maintain liquidity, says the company. It invests primarily in Canadian short-term, fixed-income securities, and can be issued by the federal government, provincial government or Canadian corporations.

The high-yield fund will also provide income, as well as long-term capital growth. It invests in the higher yielding corporate or government debt securities of global issuers, and is managed by Standard Life Investments (USA).

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