MONTREAL, Sept. 3, 2013 /CNW Telbec/ - O'Leary Funds Management LP, a leading destination for income-oriented Canadian investors, introduces its new Floating Rate Income mutual fund.
The Fund seeks to provide income while protecting capital by investing primarily in the floating rate debt of Canadian and global issuers. The yield on floating rate securities generally resets every 90 days, which helps protect investment value from the risk of rising interest rates.
The Fund's portfolio investment team is headed by Connor O'Brien, CIO at Stanton Asset Management, and features Adam Smalley, Senior Portfolio Manager - Fixed Income. Mr. Smalley has over 14 years of experience, mostly in New York, focused on high yield bonds and floating rate securities portfolios in a wide range of market conditions, including periods of increasing interest rates and widening credit spreads.
Stanton uses top-down analysis to evaluate and determine the most attractive sectors and types of securities, combined with fundamental credit analysis and relative value analysis to identify and select attractive investments.
"The launch of our new O'Leary Floating Rate Income Fund provides Canadian financial advisors and their clients with a timely investment solution during a period of increasing interest rates," said Connor O'Brien, CEO of O'Leary Funds. "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."
About the New O'Leary Floating Rate Income Fund:
The Fund seeks to provide income by investing in a diversified portfolio comprised primarily of senior floating rate loans, floating rate notes and short duration corporate bonds of investment grade and non-investment grade Canadian and global issuers. Stanton Asset Management, the portfolio advisor to the O'Leary family of funds, believes that these provide an attractive means to generate income while protecting capital from the impact of increasing interest rates.
Floating rate debt instruments tend to have lower correlation with other fixed income securities or equities and, as a result, are an excellent way to diversify a portfolio. With interest rate increases on the horizon, a floating rate strategy offers the potential for stability of investment value and attractive risk-adjusted returns. The O'Leary Floating Rate Income Fund offers investors a portfolio comprised of senior loans, floating rate notes and short duration corporate bonds for additional diversification and liquidity.
The Fund is available for sale in hedged and unhedged Series A and F, as well as in a hedged Series H.
Income distributions to O'Leary Floating Rate Income Fund unitholders will be made monthly using a target fixed distribution rate.
About O'Leary Funds
O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds striving to provide Canadian investors with reliable and strategic income solutions. Based on our value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Our core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Our portfolios are diversified by sector, region and asset class.
For more details about O'Leary Funds, visit www.olearyfunds.com.
About Stanton Asset Management
Stanton is an investment management firm specializing in Canadian and global corporate bond and equity income strategies. Stanton serves institutional and private clients through separately managed accounts and pooled funds. Its investment strategies are designed to provide continuous income and capital preservation through a risk managed approach. Stanton is the portfolio advisor of the O'Leary Funds family of funds.
The above is for informational purposes only and is not, and under no circumstances shall be construed as, an offering of the Fund mentioned herein or any other securities or as investment advice. Investors should read the simplified prospectus of the Fund for information about the Fund's investment objectives, strategies and the risks associated with an investment in the Fund before investing. Investors should discuss the suitability of the Fund with their investment advisor before making any investment decisions. Target distributions are not guaranteed and may be adjusted from time to time in accordance with income generated. There can be no assurance that the fund will be able to achieve its distribution objectives.Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE: O'LEARY FUNDS MANAGEMENT LP
For further information:
For media inquiries or additional information, please contact Louise Anne Poirier, Investor Relations at [email protected] or at 877-849-2004 or 514-849-1056.