MLIM aims fixed income products at pension funds

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

Merrill Lynch Investment Managers (MLIM) is targeting three fixed income products at pension funds struggling to produce high returns with their increasingly high bond allocations. With pension fund liabilities tied to bonds but with many schemes struggling to reduce deficits, the group believes there is a market for fixed income products that produce excess returns. The three funds, High Performance over five years Index Linked Gilt Fund, High Performance over 15-year Gilt Fund and High Performance Cash Fund, target a return of benchmark plus 2%, gross of fees. The benchmarks are FTSE f...