Merrill Adds Four CDC Portfolios to SMA Platform
March 24, 2003
Merrill Lynch has added four multi-discipline portfolios from CDC IXIS to its separately managed account platform. The portfolios are part of Consults Diversified Portfolios, offered through Merrill Lynch Consults, which serves high-net-worth investors. Merrill Lynch offers only one other strategy from an external manager.
The four portfolios use the following five strategies from companies affiliated with CDC IXIS: Loomis Sayles Core Fixed Income, Loomis Sayles Large Cap Growth, Harris Associates Large Cap Value, Reich & Tang Mid Cap Value and Hansberger International Developed Markets.
The portfolios represent risk categories III through VI. Category III attempts to balance income and growth through bonds and stocks. Category IV seeks long-term growth. Category V seeks above-average long-term growth. Category VI seeks capital appreciation.
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