Union Securities is launching a new high grade bond fund, which will be available to retail, corporate and institutional investors. This is the first of Union’s proprietary products that is both managed and administered by the full service brokerage firm.
“Since this is an actively managed fund, my objective is to outperform the Canadian Bond Index while maintaining limited volatility,” says Levente Mady, the fund’s portfolio manager and managing director, derivatives at Union Securities Ltd. “This fund is a conservative, high quality portfolio that is suitable for risk adverse individuals, corporations, and institutions that are looking for enhanced income while limiting their exposure to the volatility of the financial markets.”
Mady is a 20 year fixed income veteran, having worked as a bond trader at CIBC and Deutsche Bank, and as a fixed income portfolio manager and analyst.
The Union Securities Enhanced High Grade Bond Fund is available from FundSERV code USS001 via any investment dealer. Union Securities is better known for its offerings in the venture markets, but the firm is moving towards a more comprehensive, full-service approach.