Wednesday, August 13, 2008

AIG MF Launches Quarterly Interval Fund-Series - Aug 13 , 2008

AIG Mutual Fund launched AIG Quarterly Interval Fund-Series I. It is an interval income scheme. The primary objective of the scheme is to generate returns while endeavoring to manage interest rate volatility over the interval period through a portfolio of fixed income securities. The fund will invest up to 0%-100% in debt and money market securities. Debt securities may include securitized debts up to 75% of the net assets. The scheme may invest in derivatives up to 100% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.

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