MONTREAL, March 7, 2014 /CNW Telbec/ - O'Leary Funds Management LP, a leading destination for Canadian income investors, today announces the launch of the O'Leary Tactical Income Fund.
The O'Leary Tactical Income Fund aims to emphasize income generation throughout the interest rate and credit cycles by investing primarily in fixed debt instruments and senior floating rate loans and other floating rate debt instruments of investment grade and non-investment grade Canadian and global issuers.
"This Fund is particularly well-suited to the current environment as many investors are seeking a fixed income solution with attractive income and reduced interest rate risk," said Connor O'Brien, CEO of O'Leary Funds and President of Stanton Asset Management Inc., the portfolio advisor to the O'Leary family of funds, "The portfolio includes an allocation to short duration corporate bonds and floating rate securities, which have a history of generating stable income and providing diversification during a period of rising rates."
"As investors continue to face a challenging fixed income landscape, we are pleased to offer an optimal solution to act as a core fixed income holding," said Stephen Crawford, Senior Vice-President, National Sales. "By working with their advisor, clients can take advantage of the benefits of investing across multiple fixed income asset classes while generating attractive and steady income across a range of market cycles."
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 Tactical Income Fund unitholders will be made monthly using a target fixed distribution rate.
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.
SOURCE: O'Leary Funds Management LP
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