Capital International Asset Management (Canada), Inc. has launched Capital International Canadian Core Plus Fixed Income, a fund with global high yield flexibility.

“Canadian Core Plus adds geographic and sector diversity to investors’ portfolios and draws from the experience and resources of sub-advisor Capital Guardian Trust Co., a pioneer in global investing,” says Capital International president Mark Tiffin. “At the same time, its fees are among the industry’s lowest.”

The fund’s two portfolio managers, Michael Locke and Mark Brett, together bring 42 years of investing experience to the fund. In addition, the fund benefits from a unique feature of Capital Guardian’s research process: bond analysts work together with globally based equity analysts for a better understanding of the risks and opportunities represented by the corporate bond issuers.

A majority of the fund’s assets will be invested in investment-grade Canadian bonds: government/government agency, corporate and mortgage- and asset-backed bonds.

The fund also has the flexibility to invest in investment-grade and higher yielding bonds from around the world, including developing markets.

Capital Guardian and Capital International are part of the Capital Group organization, which has been investing globally for more than 50 years and is one of the world’s most experienced and successful investment management firms. Capital Guardian has managed fixed-income assets since 1973.