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) Index over the short to medium term.
It is available through the Irish Life International range of investment products. This uses Irish Life's multi-adviser performance system (Maps) that aims to achieve above average returns with below average volatility over a three-year rolling basis.
Cautious, Balanced & Dynamic Growth
Cowardly, boring or sensible
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‘Most significant’ upgrade since launch
Changes happening over coming months