The roll out of new fixed income investment funds continues with the launch of Dynamic Short Term Bond Fund.
The fund, co-managed by Domenic Bellissimo and Michael McHugh of Dynamic’s fixed-income team, seeks to provide a high level of interest income while preserving capital and maintaining liquidity.
The fund has the flexibility to invest in a broad geographic mix of both government and investment-grade corporate bonds. It also has the ability to actively hedge currency and interest rate risk.
The fund targets a fixed monthly distribution of 1.88¢ per unit with an initial yield of 2.26% based on a net asset value of $10, which is fixed but not guaranteed.
Bellissimo, portfolio manager at Goodman & Company, Investment Counsel Ltd. has more than 15 years of industry experience, including 11 years in credit analysis.
McHugh, vice president and portfolio manager at Goodman & Co., is the head of Dynamic’s fixed-income team and has more than 23 years of industry experience with a specialization in debt markets.
IE
New short-term bond fund broadens Dynamic’s fixed-income line up
Bellisimo, McHugh co-manage Dynamic Short Term Bond Fund
- By: IE Staff
- January 11, 2010 January 11, 2010
- 14:25