Legal & General to launch ABS funds amid rising pension demand
After 2022 gilt crisis, trustees and consultants turn to asset-backed securities to bolster portfolio liquidity and returns
Legal & General Investment Management is planning to launch two asset-backed securities (ABS) funds this summer, as the asset manager looks to capitalise on demand from UK defined benefit pension schemes for the instruments.
Pension consultants and trustees say the asset class’s liquidity is a draw for schemes looking to bolster portfolios against market volatility following the 2022 gilt crisis
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