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City Financial is pleased to announce that its Strategic Gilt Fund has been ranked the best performing Gilt Fund in its sector for 2007*.

The City Financial Strategic Gilt Fund, managed by Ian Williams, was launched on 8 December 2006, with an innovative but tried and tested investment strategy. In order to enhance performance, the Fund uses options in addition to more traditional, some might say old-fashioned, investment techniques.

This blend of old and new has proved hugely successful, producing a winning combination of better returns for investors, whilst reducing volatility. The Fund is suitable for institutional, private and retail investors.

Ian Williams, manager of the City Financial Strategic Gilt Fund said:
“This is a significant step in the development of this fund and we are both pleased and a little surprised by the level of interest in it. Through innovation and hard work we are delivering significant growth to our clients in an asset class that is in demand. Given the current economic chaos amongst some corporate bonds, moving into UK sovereign debt as part of an overall flight to quality can be of real benefit to investors. By investing solely in AAA UK Government Bonds the fund has returned 6.47% over the course of 2007.”

Rob Hain, Chairman of City Financial commented:
“In quite a short period of time, Ian has demonstrated the valuable addition that his expertise makes to City Financial’s offering of innovative funds to UK investors and their advisers. Put simply, this fund aims to outperform the Gilt market under almost all scenarios.”

* Based on 29 December 2006 to 31 December 2007 data published by Lipper and Morningstar.

Click here for more information on this Fund.

Read about this Fund in The Financial Times