Natixis Global Asset Management (NGAM) has rolled out McDonnell Intermediate Municipal Bond Fund, designed to provide tax-sensitive investors with a strategy that seeks attractive risk-adjusted investment opportunities across sectors and securities.
The fund utilizes high-quality investment approach to limit credit and interest rate risk while mainly generating federal tax-free income, claims the asset manager.
Natixis Global Asset Management – US distribution president and chief executive officer said that the new fund will enable investors to determine their investment goals and build durable portfolios for the long term.
Focusing on high-quality national municipal bonds with maturities period from 3 to 15 years, the new fund is largely diversified by issuer, state and sector.
The company has appointed four executives to manage the fund, including Dawn Mangerson, vice president and senior portfolio manager; and James Grabovac, managing director and senior portfolio manager.
Other two members include Lawrence Jones, portfolio manager; and Steve Wlodarski, managing director and co-head of fixed-income portfolio management.
Headquartered in Paris and Boston, Natixis Global Asset Management manages assets under management totaling $734bn (€570bn) as of 30 September 2012.