VKG, Brussels, Belgium, is splitting its fixed-income portfolio...

VKG, Brussels, Belgium, is splitting its fixed-income portfolio between two managers and will increase its exposure to U.S. corporate bonds to improve yields, said Karel Stroobants, deputy general manager of the 453 million euro ($480 million) pension fund for doctors, dentists and pharmacists. The fund’s 134 million euro government bond portfolio will be split into two mandates — one a government bond portfolio and the other covering corporate debt. The portfolio is currently solely managed by Bank Dewaay, which is in the running for a new mandate, Mr. Stroobants said. He already has drawn up a short list of six managers for the two 67 million euro portfolios, which will be divided between U.S. dollar, pound and euro issues. The fund will award the new mandates in late October with a startup date of January.