Natixis Global Asset Management launched the McDonnell Intermediate Municipal Bond Fund, which is a disciplined and flexible strategy seeking attractive risk-adjusted investment opportunities across sectors and securities.
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 3 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 have more than 25 years of experience in the investment industry and have worked together for more than 10 years.
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"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," said David Giunta, president and chief executive officer of Natixis Global Asset Management – U.S. 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."
Edward Treichel, president and CEO at McDonnell, added that, "Municipal bonds have been one of the bright spots in this market, offering good relative value and income that is generally exempt from taxation. Our new fund provides a research-based vehicle for individuals to gain exposure to this important asset class."
McDonnell Investment Management, LLC is NGAM's newest affiliate. The acquisition was announced in October 2012 and closed on December 31, 2012. The firm is a registered investment advisor providing investment management services to institutions, private clients and mutual fund companies.
McDonnell is known for its expertise and specialization in fixed-income investment management. Located in Oak Brook, Illinois, McDonnell has approximately $13.5 billion in assets under management for institutions and individuals.
Natixis Global Asset Management, S.A. is one of the 15 largest asset managers in the world based on assets under management. Its affiliated asset management companies provide investment products that seek to enhance and protect the wealth and retirement assets of both institutional and individual investor clients. Its proprietary distribution network helps package and deliver its affiliates' products around the world.
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