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The mandate, which utilises a multi-asset strategy, seeks to add value to a fixed-weight benchmark composed of the FTSE All-Share Index and a number of FTA UK fixed income indices. Despite the FTSE All-Share index declining by more than 40% over the past two years, Standard & Poor's considers that the capital positions of securely rated life companies -- those rated triple-'B'-minus or above -- remain strong. FMIT aims to achieve consistent outperformance of the FTSE All-Share Index (excluding FTSE 100 companies and investment trusts). |
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