O’Leary Funds Management has unveiled a new O’Leary Global Income Fund for Canadian income investors.
The new fund will invest primarily in actively managed portfolios consisting primarily of dividend-paying common equities and publicly-traded corporate bonds.
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In addition, the fund will also invest in preferred securities and convertible debt securities of mid and large-cap Canadian and global issuers offering investors with income and potential for capital appreciation.
The Fund will enable the portfolio advisor to invest in a range of global income opportunities, while also managing the asset allocation to suit market conditions and interest rate cycles.
O’Leary said that the Fund will be available for sale in hedged and unhedged Series A and F, as well as in a hedged Series H. However, income distributions to the Fund unit holders will be made monthly using a target fixed distribution rate.
Stephen Crawford, senior vice-president of national sales at O’Leary Funds, said: "We are introducing this O’Leary Fund to meet increased advisor demand for a global product focused on a combination of dividend-paying global equities, short duration corporate bonds as well as floating rate loans.
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By GlobalData"In the current environment, the equity portfolio of the Fund is focused on high conviction opportunities in developed markets which are expected to provide strong growth in 2014," he added.
