JPMAM appointed to run high yield bond mandate for NEST

Part of NEST Retirement Date Funds

Jayna Rana
clock • 2 min read

The National Employment Savings Trust (NEST) has appointed J. P. Morgan Asset Management to run a new high yield bond mandate, with an initial allocation of £40m.

The auto-enrolment pension provider announced the new fund today, which will be added to the "building blocks" that make up the NEST Retirement Date funds.  It said it will help further diversify members' portfolios and offer attractive returns in an otherwise low-yielding fixed income environment. An initial allocation will be made of £40m, representing roughly 3% of NEST's total portfolio, although this will be reviewed over time. NEST, a workplace pension set up by the government, acts as seed investor for the J. P. Morgan Life High Yield Opportunities fund, established by JPMAM...

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