What's New In Investments, Funds? – Canaccord Genuity WM

Editorial Staff

31 August 2023

Canaccord Genuity Wealth Management
and Crown Dependencies has launched a portfolio service for UK government bonds, aka gilts, tapping a resurgence of fixed income investing as interest rates have risen.

The service is being offered for clients who are able to put up at least £100,000 and commit for a minimum of two years.

The Gilt Portfolio Service selects individual gilts for their maturity dates matching investors’ short-term goals, the wealth manager said in a statement yesterday.

“Investing in gilts is particularly attractive at the moment, as not only do they give a better rate of return than a bank account, compared to a fixed term deposit, the return is similar and there is no restriction on what can be invested,” the firm continued. “Unlike bank deposits, gilts are also highly liquid – selling them in the market on a Monday means cleared funds by Tuesday. For individual higher rate taxpayers, investing in short-dated gilts is even more attractive because any capital appreciation is free from capital gains tax,” it said.