Merrill Lynch opened the Mercury Global Balanced Fund; the IPO...

Merrill Lynch opened the Mercury Global Balanced Fund; the IPO attracted $412 million. Asset allocation and the equity portion of the fund will be managed by the Mercury Global Equity team, headed by Gary Lowe. Fixed-income allocations will be managed by Mercury’s internal fixed-income team. The fund will have a 60% stocks, 40% bonds allocation, with 15% leeway; its managers will hedge non-dollar denominated bonds back to U.S. dollars to control currency fluctuation in the portfolio.