JPMAM appointed to run high yield bond mandate for NEST

The auto-enrolment pension provider announced the new fund today, which will be added to the "building blocks" that make up the NEST Retirement Date funds.  It said it will help further diversify members' portfolios and offer attractive returns in an otherwise low-yielding fixed income environment. An initial allocation will be made of £40m, representing roughly 3% of NEST's total portfolio, although this will be reviewed over time. NEST, a workplace pension set up by the government, acts as seed investor for the J. P. Morgan Life High Yield Opportunities fund, established by JPMAM...