The Access LGPS investment pool has launched four new sub-funds, adding £3.2bn to its assets under management and bringing total assets to £33.1bn.
The sub-funds have been launched by Link Fund Solutions (LFS) on behalf of Access. They comprise: the LF Access UK Select Fund, managed by BlackRock; the LF Access Alpha Opportunities Fund, managed by M&G; the LF Access Sterling Investment Grade Credit Fund, managed by Fidelity; and the LF Global Equity Fund, managed by Macquarie.
Of the £33.1bn total assets under management, £22.2bn is managed actively within the LFS Authorised Contractual Scheme and £10.9bn is in passive funds.
Mark Kemp-Gee, chairman of the Access Joint Committee, said: “The addition of these sub-funds enriches the existing range of mandates available to local authorities.”
The Access pool is a collaboration of 11 LGPS administering authorities in Central, Eastern and Southern England.
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