Advantus Capital Management has filed a prospectus with the Securities and Exchange Commission for a short duration fixed income fund for institutional investors.
Advantus plans to launch the fund in December 2014.
“The Short Duration Bond Fund’s investment objective is to seek current income while preserving capital and maintaining liquidity,” says Chris Sebald, president, Advantus Capital Management.
The Advantus Short Duration Bond Fund is benchmarked against Barclays 1-3 year Government/Credit Bond Index. The portfolio managers are Tom Houghton, David Land, and Jane Wyatt. Minimum investment is USD100,000 for the Institutional Class and the management fee will be 35 basis points (0.35 per cent).
Advantus Capital Management is an institutional asset manager that specialises in public and private fixed income, real estate securities and other income-oriented equity strategies.