Io Dublin-based Fof aims for above-inflation returns

Io Investors has launched a Dublin-based sterling fund of funds with targeted returns of 5% above the UK rate of inflation. The fund, to be managed by Io subsidiary Psolve, will have no asset allocation restraints but, given its benchmark, will usually hold at least 5% in inflation-linked gilt funds with the rest divided between equity and other bond vehicles. Principal of PSolve and lead manager on the fund, Mike Faulkner, said: "Historically, traditional equity and bond benchmarks have been used to measure success, but these bear no direct relation to the objectives of an individual wh...