Babson Capital Management Launches New Open-End Mutual Funds
Initial rollout includes two global fixed-income funds designed to provide high current income and capital preservation
CHARLOTTE, N.C.--(BUSINESS WIRE)--Babson Capital Management, a leading global investment management firm with over $192 billion in assets under management, has launched two new open-end mutual funds: Babson Global Floating Rate Fund and Babson Global Credit Income Opportunities Fund. The Babson Global Floating Rate Fund will seek to invest primarily in senior-secured loans from below-investment-grade companies that are domiciled in North America and developed European countries, and the Babson Global Credit Income Opportunities Fund will utilize an unconstrained investment strategy and seek returns across a multitude of higher yielding fixed income and alternative investments. To mitigate volatility, the fund’s portfolio managers will focus on comprehensive fundamental research in selecting securities for the portfolio. Babson Capital plans to distribute its new open-end funds through Registered Investment Advisor (RIA) custodial platforms, wirehouses, and independent and regional broker dealers.
“Our goal is to help redefine how investors view the global high yield market, by providing access to the full spectrum of the asset class on a global scale”
“Our goal is to help redefine how investors view the global high yield market, by providing access to the full spectrum of the asset class on a global scale,” said Anthony Sciacca, President of Babson Capital Funds Trust and head of Babson Capital’s Global Business Development Group. “Our global high yield investment team is among the largest and most experienced in the industry, which enables us to analyze thousands of global credits to identify the most attractive opportunities in the market. These new funds represent our “best of the best” ideas, which in turn help investors mitigate interest-rate risk, and provide current income and capital preservation over the long term.”
While predominantly known as an institutional investment management firm with broad global fixed-income capabilities, Babson Capital has been serving individual investors for several decades, primarily through closed-end funds. Its first closed-end offering, Babson Capital Corporate Investors Trust (NYSE: MCI), was launched in 1971. In 2012, Babson Capital launched the Babson Capital Global Short Duration High Yield Fund (NYSE: BGH), a $500 million closed-end fund that seeks a high level of current income and capital preservation. Babson Capital also sub-advises eight open-end mutual funds on the MassMutual Premier Fund platform, and manages several UCITS funds.
About Babson Capital Management, LLC
Babson Capital Management, LLC, is a leading global investment management firm with over $192 billion in assets under management as of December 31, 2013. Through proprietary research, analysis and a focus on investment fundamentals, the firm leverages its deep expertise in global fixed income, structured products, middle-market finance, equities, alternatives and commercial real estate to develop investment solutions for its clients. Headquartered in Boston, the firm maintains a broad global footprint, with offices in Springfield, Charlotte, New York, Chicago, Los Angeles, London, Hong Kong, Tokyo, Sydney and Melbourne. The firm’s subsidiaries include Cornerstone Real Estate Advisers, LLC, and Wood Creek Capital Management, LLC. Babson Capital Management is a member of the MassMutual Financial Group. Learn more at www.BabsonCapital.com.
Investing involves risk, including the possible loss of principal amount invested.
Before investing you should consider carefully the Fund’s investment objectives, risks, charges and expenses. A prospectus, which contains this and other information, can be obtained by calling 1-855-439-5459. Read the prospectus carefully before investing.
ALPS Distributors, Inc. is the distributor for the Babson Capital mutual funds. Shares of the funds will be offered by Babson Capital Securities, LLC, an affiliated broker dealer of Babson Capital Management, LLC. ALPS and Babson Capital Management are separate and unaffiliated.