AIG Life Managed Income Fund in AbI defensive managed sector is 70% exposed to fixed interest with the balance in property and equities
AIG Life this week adds a fifth vehicle to its fund of funds (Fof) range managed by Paul Higginbotham. The group is bringing out the AIG Life Managed Income fund with a target gross yield of 1%-2% above current base rates. The Fof is going to be in the ABI Defensive Managed sector and will initially have 70% exposure to fixed interest with the balance in property and equities. It will pick investments from the universe of third-party fund links in AIG Life's Active Access range in the UK corporate bond, high-yield corporate bond, government bond, global bond and commercial property sector...
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