Payden & Rygel launches sterling fund in bid to improve deposit returns

Jonathan Stapleton
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UK - Payden & Rygel Global has launched a Sterling Reserve Fund in a bid to provide institutional investors with better yields than those available from bank deposits and money market funds.

The asset management firm said the new fund, which is now in its offer period, will invest in a diversified portfolio of high-quality, sterling-denominated securities - including gilts, supranation...

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