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Strategy name Broad mandate Mandate type Benchmark
American Equity StrategyRegional equityUS equityFTSE World North America
Asia ex-Japan Equity StrategyRegional equityFar east equitiesFTSE All World Asia-Pacific ex Japan
Continental European Equity StrategyRegional equityEuropean equityFTSE World Europe ex UK
Credit All StrategyFixed incomeCorporate bonds75% BofA ML Non-Gilt, 25% BofA ML Euro High-Yield
European High Yield Bond StrategyFixed incomeCorporate bondsMerrill Lynch European Currency High Yield Hedged
Eurozone StrategyRegional equityEuropean equityMSCI Eurozone
Global Bond StrategyFixed incomeGlobal bondsJP Morgan Global Government Unhedged
Global Dynamic Bond StrategyFixed incomeGlobal bondsOne-month UK Libor +2%
Global Equity StrategyGlobal equityGlobal equityFTSE World
Global Higher Income StrategyGlobal equityGlobal equityFTSE World
Global Opportunities StrategyGlobal equityGlobal equityFTSE All World
International Equity StrategyGlobal equityInternational equityMSCI EAFE
Japan Equity StrategyRegional equityFar east equitiesTokyo Stock Price Index (Topix) or MSCI Japan
Pan European Equity StrategyRegional equityEuropean equityFTSEurofirst 300 or MSCI Europe
Real Return StrategyTargeted returnReal ReturnOne-month UK Libor +4%