There are two initial offerings, the Active Income Opportunities Portfolio, which aims to deliver 1.5% above the 10-year Treasury, and the Active Tax Free Income Opportunities Portfolio, which aims to deliver 1.5% above the 10-year muni yield.
“This is an exciting opportunity to expand our longstanding institutionally based relationship with Wilshire and to create customized investment solutions for the independent adviser,” said Daria Foster, a managing partner at Lord Abbett. “This new relationship allows us to combine the expertise of both firms while providing this strategically important market with a competitive asset-allocation solution.”