UK - Citigroup Asset Management (CAM) has launched a new sterling core plus fund which invests in global government bonds, currencies and non-traditional fixed income assets including investment grade bonds, US high yield, emerging markets debt and mortgage-backed securities.
Citigroup said the new fund came on the back of a shift in UK asset allocation. In December 1993, the average pension fund allocated 10% to bonds, compared to 24% at the end of 2003. UK fixed incom...
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