MLIM aims fixed interest vehicles at pension funds

Merrill Lynch Investment Managers (MLIM) is targeting three fixed-income funds at pension funds stru...

Merrill Lynch Investment Managers (MLIM) is targeting three fixed-income funds at pension funds struggling to produce high returns with their increasingly high bond allocations. The High Performance over 5 years Index Linked Gilt fund, High Performance over 15 years Gilt fund and High Performance Cash fund will target returns of benchmark plus 2%, gross of fees. The Jersey-domiciled products, which are available to pension, insurance and charity clients, form part of MLIM's £4bn liability solutions product range, which launched in 2003. The funds will be sterling based but with the flexibil...