Fund of the week: recovery is closer than you think

Before funds can rebound, manager of the Artemis Income Fund, Adrian Frost, reckons the corporate bond market has to recover. And that could happen sooner than you think.

As a father to six children, Adrian Frost, 51, never knows what he's doing from one weekend to the next. "But I wouldn't have the audacity to naff off for eight hours on a Saturday." As such, says the manager of Artemis Income Fund, "I'm bad at golf".

Luckily, he's much better at picking stocks his fund yields 6.2% and is down a respectable 23.1% against a 30.9% drop for the FTSE All-Share over 12 months. But before income and equity funds can rebound, he reckons the corporate bond market has to recover. And that could happen sooner than you think.

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Name of holding% of assets
Royal Dutch Shell B Ord6.10
BP5.70
GlaxoSmithKline5.40
AstraZeneca Plc5.00
Vodafone Group4.90
Centrica4.20
RWE AG (NEU)3.90
National Grid3.70
Koninklijke Kpn NV3.20
HSBC Holdings3.20
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