MONTREAL, July 9, 2012 /CNW Telbec/ - Standard Life Mutual Funds Ltd. launches two new mutual funds: Standard Life Short Term Bond Fund and Standard Life High Yield Bond Fund available to retail investors.
"Supporting advisors in meeting the needs of their customers is our priority. By launching these two new funds, we wanted to complete an already comprehensive suite of income solutions, especially in a context of low interest rates and high market volatility," said Patrick Loranger, Manager, Retail Investment Products at Standard Life.
The Short Term Bond Fund is managed by Standard Life Investments Inc., one of the largest fixed income managers in Canada. Its investment objective is to provide a higher level of current income than traditional money market instruments while preserving capital and maintaining liquidity. The Fund invests primarily in Canadian short-term fixed-income securities. They can be issued by the federal government, provincial government or Canadian corporations.
As for Standard Life High Yield Bond Fund, its investment objective is to provide a high level of income and potential for long-term capital growth. The Fund invests primarily in higher-yielding corporate or government debt securities of issuers throughout the world. The portfolio management responsibilities of this fund have been sub-advised to Standard Life Investments (USA) Ltd.
Investors who would like more information on Standard Life's mutual funds can contact their advisor or visit www.standardlife.ca.
About Standard Life Mutual Funds
Standard Life Mutual Funds Ltd. (SLMF) is a modern and forward-thinking company which strives to offer advisors and retail investors in Canada, products and services that inspire confidence and optimism about the future. SLMF offers a wide range of professionally managed mutual funds with varying investment styles across major asset classes. Established in 2000, SLMF serves close to 70,000 investors and offers some 51 mutual funds and fund-of-funds. It has total managed assets of more than C$4.5 billion (as at March 31, 2012).
SLMF is part of Standard Life plc, a leading long-term savings and investments company headquartered in Scotland and operating internationally. It is affiliated with The Standard Life Assurance Company of Canada.
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