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Payden launches Sterling fund
16 June 2010
Payden & Rygel Global has launched the Payden Sterling Reserve Fund
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Payden & Rygel Global
Sterling Reserve Fund
Payden & Rygel Global has launched the Payden Sterling Reserve Fund, a vehicle which seeks to provide institutional investors including local authorities, charities and corporations with a high-quality investment strategy intended to deliver better yields than those available from bank deposits and money market funds. The new fund, which is now in its offer period, will invest in a diversified portfolio of high-quality, sterling-denominated securities including gilts, supranationals, agencies and corporate bonds. The fund has an AAAf rating from S&P.
The new fund, initially conceived for Local Authorities, has...
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