On the face of it sure, that is general idea.
As they say, there is no free lunch, gilts have their own disadvantages, more so with such long term gilts. Read the article that I have given, and many more such exist in the blog, go through them and see if gilts suit you and if you have a place for them.
And Franklin was famous for giving returns more than their counterparts in the debt category, it was not just the credit risk that was of the concern, I think it was more about the inability to withdraw.
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