Attractive 4.5% Euro Yield Target Realised by Lloyds TSB Offshore Fund Managers Limited

The Euro High Income Fund from Lloyds TSB Offshore Fund Managers, launched in October 2006, is delivering its target yield of 4.5% paid in euros. Though this level of income could fall and cannot be guaranteed for the future, this very attractive yield is currently being met.

This sister fund to the established sterling denominated High Income Fund, which has grown to over £300 million in size, invests in investment-grade euro-denominated corporate and government bonds and distributes income quarterly to shareholders.

Nigel Jeacock-Fewtrell, Director, Lloyds TSB Offshore Fund Managers, said:

"We have had lots of applications from people who live in the euroland countries, but also more interest than anticipated from outside Europe. This is largely from investors who have second homes in euroland, and those who receive income in euros. This shows that someone's residential address will not necessarily give much indication as to the currency in which they think or invest.

As more countries join the EU, we expect more interest in the Fund from potential investors. Bulgaria and Romania joined in January this year, with negotiations under way for further states."

The minimum investment in the Euro High Income Fund is just €5,000.

Find out more about the Euro High Income Fund.

The information in this article is valid as at 28th August 2007.