International fund manager Barclays Global Investors (BGI) has launched a new asset allocation vehicle for pension fund clients.
The BGI Ascent Asset Allocation (AAA) is a unitised fund and takes positive and negative positions in 30 different equity, bond and currency markets, using BGI’s global asset allocation model.
The fund, which is domiciled in Dublin, aims to achieve:- a 20% p.a. outperformance above its benchmark, the seven-day sterling LIBID- a standard deviation (volatility) of returns of 25% p.a.- returns uncorrelated with equity and bond markets
*BGI invented the first quantitative tactical asset allocation strategy in 1973, and currently manages about £45bn in active asset allocation strategies.
By Madhu Kalia
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