Natixis launches McDonnell Intermediate Municipal Bond Fund
Natixis Global Asset Management (NGAM) has launched the McDonnell Intermediate Municipal Bond Fund, which is a disciplined and flexible strategy seeking risk-adjusted investment opportunities across sectors and securities.
The fund’s investment approach may help to limit credit and interest rate risk while primarily generating federal tax-free income.
“We are pleased to offer the McDonnell Intermediate Municipal Bond Fund as an additional option as investors evaluate their investment goals and build durable portfolios for the long term,” says David Giunta (pictured), president and chief executive officer, Natixis Global Asset Management – US distribution. “We are launching this fund in direct response to investors and advisors who have told us they are seeking the benefits of a municipal bond fund.”
The McDonnell Intermediate Municipal Bond Fund is broadly diversified by issuer, state and sector and focuses on high-quality national municipal bonds with maturities ranging primarily from three to 15 years. It is managed by Dawn Mangerson, vice president and senior portfolio manager; James Grabovac, managing director and senior portfolio manager; Lawrence Jones, portfolio manager; and Steve Wlodarski, managing director and co-head of fixed-income portfolio management. The managers average over 25 years of experience in the investment industry and have worked together for over 10 years.
“Municipal bonds have been one of the bright spots in this market, offering good relative value and income that is generally exempt from taxation,” says Edward Treichel, president and chief executive officer at McDonnell. “Our new fund provides a research-based vehicle for individuals to gain exposure to this important asset class.”
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