product launch
Irish Life International has launched an income-generating bond and cash portfolio with a low credit risk, low volatility mandate. The largest portion of the initial asset allocation is to a specialist mortgage bond portfolio. This invests in US government sponsored agency mortgages and has an eight-year track record of managing low volatility, mortgage-backed bond portfolios using leverage to enhance the returns. The Income Accumulation Fund is open-ended and is expected to generate net dollar returns to investors of at least 2% pa in excess of the one month treasury bill (cash) I...
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