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