Babson Capital Management launches open-end mutual funds
Babson Capital Management has launched two open-end mutual funds: Babson Global Floating Rate Fund and Babson Global Credit Income Opportunities Fund.
The Babson Global Floating Rate Fund will seek to invest primarily in senior-secured loans from below-investment-grade companies that are domiciled in North America and developed European countries.
The Babson Global Credit Income Opportunities Fund will utilise an unconstrained investment strategy and seek returns across a multitude of higher yielding fixed income and alternative investments.
To mitigate volatility, the funds’ portfolio managers will focus on comprehensive fundamental research in selecting securities for the portfolio.
Babson Capital plans to distribute its new open-end funds through registered investment advisor (RIA) custodial platforms, wirehouses, and independent and regional broker dealers.
“Our goal is to help redefine how investors view the global high yield market, by providing access to the full spectrum of the asset class on a global scale,” says Anthony Sciacca, president of Babson Capital Funds Trust and head of Babson Capital’s global business development group. “Our global high yield investment team is among the largest and most experienced in the industry, which enables us to analyse thousands of global credits to identify the most attractive opportunities in the market. These new funds represent our ‘best of the best’ ideas, which in turn help investors mitigate interest-rate risk, and provide current income and capital preservation over the long term.”
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