UK - Barclays Global Investors has launched two enhanced index fixed income funds which have already secured commitments from energy giant, ExxonMobil.
BGI claims the funds – which will invest in European corporate and government bonds – are the first European pooled enhanced index bond funds to be aimed at institutional investors.
Both funds are benchmarked to the Citigroup Euro Bond Investment Grade Index and the Citigroup Euro Government Bond Index.
The funds aim to outperform these indices by 0.50-0.55% per annum and 0.40-0.45% per annum, respectively. The minimum investment is e250,000 (£171,000).
ExxonMobil’s group pension funds have already committed to the funds.
The schemes have invested e51m in the BGI Euro Corporate Enhanced Index Fund and e99m in the BGI Euro Government Enhanced Index Fund.
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