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Products June 9, 2011
Wilshire and Lord Abbett Launch Joint Income Solutions
Lord, Abbett & Co. and Wilshire Associates announced
the joint release of Pro Active Income Solutions, portfolios
designed to deliver targeted income through an active overlay.
Reported by PLANADVISER staff
The actively-managed income solutions offer independent adviser clients access to Wilshire’s asset-allocation capabilities and Lord Abbett’s suite of fixed-income mutual funds to provide exposure to timely opportunities in the fixed-income market.
Pro Active Income Solutions combines the institutional expertise of Wilshire with Lord Abbett’s intensive credit research and security selection to create two competitively priced fixed-income offerings, the announcement said. The Active Income Opportunities Portfolio will target the 10-year Treasury yield plus 150 bps, and the Active Tax Free Income Opportunities Portfolio will target the 10-year muni yield plus 150 bps. The portfolios are constructed to compete in the Lipper Multi Sector Income and the Lipper General Muni Debt categories, respectively.