Morley Fund Management, one of the UK's largest fund managers, has added a new high performance corporate bond fund to its pooled pension fund range.
Morley Fund Management, one of the UK's largest fund managers, has added a new high performance corporate bond fund to its pooled pension fund range. The MPPL High Alpha Corporate Bond Fund will be launched on 1 October 2004.
The fund will have an outperformance target of 1% per annum net of fees over the sterling benchmark: the iBoxx Sterling Non Gilt Index. To help achieve this target the Fund will be permitted to make tactical allocations to US Dollar, Euro denominated, Emerging Market and High Yield bonds. The Fund will be managed by Roger Webb, corporate bond fund manager.
Commenting on the launch of the fund, Shona Whitesmith, head of consultant relationships at Morley Fund Management, said: "Our experience over the last year is that both clients and consultants are demanding greater outperformance from their bond portfolios. As a result there are an increasing number of aggressive mandates being offered within the market. Fixed income is a core competency for Morley and the addition of the MPPL High Alpha Corporate Bond Fund ensures our pooled fund offering continues to cater to the needs of our clients."
Roger Webb, fund manager of the MPPL High Alpha Corporate Bond Fund, added: "Market conditions are making it increasingly difficult to add value and at the same time clients are demanding greater returns. After successfully managing higher performance funds for retail clients for a number of years, we welcome the opportunity to apply these skills in the institutional marketplace. This Fund will seek to add performance for clients by drawing on the specialist expertise of a selection of our fixed income fund managers in London and Boston."
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For further information please contact:
Fiona Baker
Head of corporate communications
Morley Fund Management
020 7809 8617
Notes to editors:
Morley Fund Management
- Morley Fund Management ('Morley') is an independently managed, London based, asset management business with over Ł114 billion* under management (as at 30.06.04). It actively manages a diverse range of asset classes and employs in the region of 900 staff worldwide based in London, Singapore and an associate office in Boston**
- Morley is a wholly owned subsidiary of the Aviva Group and manages both institutional and retail funds under the Morley brand. It also acts as investment manager for a range of retail investment funds, marketed in the UK by Norwich Union, and international funds marketed under the Aviva Funds brand.
*Not including mortgage assets
**Morley Fund Management International Limited, an Aviva company
Awards
- Property Week Awards 2004 - Best Property Fund Manager
- Pensions Management Provider Awards 2003 - Best Property Fund Manager
- Fund Manager of the Year - Pensions Week Awards 2002
- Specialist Manager of the Year - UK Pensions Awards 2002
- Insurance Fund Manager of the Year (awarded to Norwich Union) - Standard and Poor's 2002
- Sustainable and Ethical Investment and Asset Management Award - Liveable City Awards 2002
Further information about Morley Fund Management can be found at www.morleyfm.com.