US/UK - Franklin Templeton Investment Management's US government fund has seen its assets under management pass US$3bn (£1.9bn).
The fund, which invests in US Government National Mortgage Association (Ginnie Mae) bonds, is aimed at small schemes, as well as high net worth individuals.
Sales and marketing director Jamie Hammond said: “Ginnie Mae’s are backed by the full faith and credit of the US government – they have extremely competitive risk-adjusted returns and they offer a high level of diversification.”
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.