CHIG was launched in 2000 to provide investors with real risk diversification from equities and other risk assets whilst generating a good yield by investing only in investment grade corporate bonds.
Why invest in this Fund?
Although CHIG sits in the IA Sterling Corporate Bond sector, its true position is in the middle of that sector, the Strategic Bond sector and the Targeted Absolute Return sector, providing investors with a very low level of volatility and downside risk throughout an investment cycle.
Within the risk controls, the Fund is traded actively to eke out excess returns, rather than holding credits to maturity.
Buy/sell discipline is largely relative value trades of individual credit spreads over gilts, buying when spreads widen,
and selling when they tighten.