“We get higher yields in investment grade than we do on government bonds, but we don’t have as much volatility as in high yield. If we get better quality names, we don’t have as much spread risk.
“I don’t see why we should go chasing high yield at the moment.”
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IN NUMBERS
2.5%
Yield from the Franklin Templeton UK Corporate Bond fund
60-70
Range of holdings in the portfolio
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