Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Announcement

27920

AlphaCentric Income Opportunities Fund granted Five-Star rating by Morningstar

RELATED TOPICS​

AlphaCentric’s Income Opportunities Fund (IOFIX) has been awarded a five-star rating by Morningstar. The Fund celebrated its three-year anniversary on 05/28/2018, and generated a 12.34 per cent return rate for the three-year period ending 31 May 2018. 

This five-star rating is a reflection of IOFIX’s risk-adjusted performance for the period ending 31 May 2018, out of 258 funds in the Multisector Bond category. For three consecutive years, IOFIX has generated returns that significantly outperformed its Morningstar category. Additionally, IOFIX ranked at the top of its Morningstar category (as of 31 May 2018) with annualised returns double that of the next ranked fund.
 
“The risk/return profile we have sought to maintain for the AlphaCentric Income Opportunities Fund set the stage for strong performance, and the housing and macro fundamentals we identified have bolstered the portfolio’s metrics even further,” says Brian Loo, portfolio manager of IOFIX. “We are encouraged by ongoing prospects for the Fund’s returns, even as the broader markets start to pose different degrees of volatility.” 
 
IOFIX seeks to generate current income via investments in structured products which include non-agency residential mortgage backed securities (RMBS) and a variety of asset-backed fixed income securities (ABS). These ABS investments encompass aircraft, shipping and transportation assets, as well as other sectors. The Fund’s security holdings generally have an average duration of less than five years.
 
The AlphaCentric Income Opportunities Fund trades under the tickers IOFIX, IOFAX and IOFCX. The Fund is sub-advised by Garrison Point Capital, LLC, and the portfolio is managed by an investment team with over 70 years of combined industry experience.
 

Latest News

Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..
Discretionary fund manager ebi Portfolios, and asset manager Amundi have launched the SRI portfolio range,..
Regulatory and compliance issues are the most significant barriers to investment in private debt, according..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by