Bonds

BNY Mellon Asset Management has launched the Evolution Global Strategic Bond Fund.

NORWAY - Norway's Finance Ministry issued a new formal mandate for the management of the Government Pension Fund Global, the world's second-largest sovereign wealth fund.

US - United Parcel Service has issued $1.5bn in bonds to help fund contributions to its pension plan.

Janus Capital has unveiled investment grade and high yield strategies investing in credit from around the world.

IRELAND - Pegging defined benefit schemes' liabilities to Irish bonds instead of German and French bonds could significantly ease the burden of underfunding, said Aon Hewitt.

Hermes Fund Managers has recruited James Taylor as director of government bonds.

UK - Gilt yields have spiked strongly after the UK recorded twice the expected growth in the third quarter.

CANADA - Canadian pension funds saw assets rise 7.3% over the third quarter, buoyed by rallying global markets, research by RBC Dexia Investor Services shows.

Laura Blows explores what caused the move away from active management, the role it can play within pension fund investment and how adding alpha can turn its reputation around

UK - Scheme funding positions were affected by as much as £50bn ($79bn) in Q3 due to the movement and volatility of long-term gilt yields, Pension Insurance Corporation says.