The fund aims to invest in a varied portfolio comprised mainly senior floating rate loans, floating rate notes and short duration corporate bonds of investment grade and non-investment grade Canadian and global issuers.
In order to assist in safeguarding investment value from the risk of growing interest rates, the yield on floating rate securities normally will be resettled every 90 days, claims the wealth management firm.
Stanton Asset Management CIO Connor O’Brien and fixed income senior portfolio manager Adam Smalley have been roped in to administer the fund’s portfolio investment team.
Commenting on the introduction of the new fund, O’Leary Funds CEO Connor O’Brien said that the new fund gives Canadian financial advisors and their clients with a timely investment solution during a period of increasing interest rates.
"This Fund is particularly well-suited to the current environment, since this type of strategy has an excellent history of generating stable income and diversification, with limited interest rate risk," O’Brien added.
Leveraging top-down analysis, Stanton assess and decides the most attractive sectors and types of securities, integrated with fundamental credit and relative value analysis to recognize and choose attractive investment options.
