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Moneyspider in the News
19/06/2007
Private Investors hit
Shropshire Star
TURMOIL in the global corporate bond (CB) market is set to have a ruinous knock-on affect for thousands of private investors, as values are forecast to plummet even further.
As rising interest rates have propelled bond managers both in the US and the UK to a frenzy of sell off activity, new data by fund analyst Moneyspider.com revealed that investors in the second most popular ISA sector have been hit badly. A £5,000 investment in bottom of the pile performer Virgin Money Income fund, for example, would have produced a gain of just £600 in the five years from May 2002.
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