Sign up for free newsletter


Newspaper and money

Weitz Funds launches Core Plus Income Fund

Weitz Investment Management has launched Weitz Core Plus Income Fund, the 10th fund in the Weitz fund family.

The new intermediate-term bond fund invests in domestic investment-grade debt issues, as well as debt in non-benchmark sectors. It will be co-managed by Tom Carney and Nolan Anderson.
The intermediate-term bond category is presently the largest segment of the fixed-income market, with some 37 per cent (USD921 billion) of market share as of 31 December, according to Morningstar Direct.
The non-benchmark sectors in which Weitz Core Plus Income Fund may invest include global and/or lower-rated debt. The fund is expected to have a longer average maturity than the Weitz Short-Intermediate Income Fund and will use the Barclays US Aggregate Bond Index as its primary benchmark.
"The ability to utilise non-benchmark sectors can be a tremendous advantage in the fixed income markets, especially over the long-term," says Carney. "This new fund employs an extended tool box that will allow us to go where we see opportunity. We here at Weitz see this fund as a sensible option for those looking for less constrained fixed income exposure."
Carney joined Weitz Investments in 1995 and is currently the portfolio manager on Weitz Short-Intermediate Income Fund, Weitz Nebraska Tax-Free Income Fund, Weitz Government Money Market Fund, and co-portfolio manager on Weitz Core Plus Income Fund.
Anderson joined the company in November 2011. He is a research analyst and co-portfolio manager on Weitz Core Plus Income Fund.

7 hours 12 min from now - Paris
1 day 7 hours from now - New York
1 week 1 day from now - Abuja
2 weeks 1 day from now - London
2 weeks 6 days from now - London
Mon, 15/05/2017   - London
Mon, 15/05/2017   - London
Mon, 15/05/2017   - London
other gfm publications