First Investors launches Limited Duration High Quality Bond Fund
First Investors has launched the First Investors Limited Duration High Quality Bond Fund, a short duration bond fund that seeks current income consistent with low volatility of principal.
"This fund is an exciting new addition and enhances our overall product lineup," says Derek Burke, president of First Investors Management Company (FIMCO). "Our focus always is performance for our clients, to manage risk and to deliver returns for them over a complete market cycle. In a rising interest rate environment, this fund provides our clients with a short duration investment option that we believe can help add current income to a portfolio."
The fund will invest primarily in investment grade bonds and debt securities and maintain an average duration of between two and six years.
It is intended for investors who seek current income and are willing to accept a slightly lower yield to mitigate the impact of rising interest rates.
The fund will principally invest in different types of investment grade securities, including corporate bonds, securities issued or guaranteed by the US Government or US Government-sponsored enterprises, and mortgage-backed and other asset-backed securities.
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