MONTREAL, Oct. 21, 2014 /CNW Telbec/ - O'Leary Funds Management LP today announced continuing record mutual fund sales for the twelve month period ending September 30, 2014.
Sales for the last twelve months reached a new high of approximately $321 million, including $231 million for the first nine months of 2014. This represents a 25% increase over the comparable period in 2013. "We continue to be very pleased with our results, both overall and year-to-date," 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 entire O'Leary team stepped up and delivered an excellent third quarter and I am encouraged by their achievements as we head into the final months of 2014."
In addition to the introduction of two new mutual funds during the period, including the O'Leary Tactical Income Fund, which continues to be a sales leader year-to-date, the company benefited from solid performance from its existing line-up. The O'Leary Conservative Income Fund , in particular, generated substantial interest from investors, with over $43 million in sales since the beginning of 2014. "In the current environment, this fund appeals to investors seeking steady performance and lower volatility. With limited exposure to equities, the fund has generated attractive returns since commencement of operations" said Mr. O'Brien.
In an industry dominated by large players, we are proud to be counted among the few truly independent Canadian fund management companies, said Stephen Crawford, Senior Vice-President, National Sales. "We are confident that our particular brand of value-yield investing, as well as our client-focused approach, sets us apart from other investment companies. In the final quarter of 2014, we will continue reaching out to our valued network of advisors to present them with practical and compelling solutions to the challenges faced by their clients in the current investment environment."
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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