PanEuroLife adds 1 new absolute return fund within its fund range: 

Merrill LIIF Gbl Alloc €Hdg A : This fund seeks to maximise total return expressed in US dollars (hedged in Euro) by investing globally in equities, debt and short-term securities of both corporate and governmental issuers primarily in the US, Canada, Europe and Asia. The Fund will generally seek to invest in securities that the manager believes are undervalued. The Fund may also invest in the equity securities of small and emerging growth companies, and a portion of its debt portfolio may be invested in high yield securities. Currency exposure is flexibly managed.