Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:RS Finishes 2009 By Unveiling Three New Funds Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, December 31, 2009

RS Finishes 2009 By Unveiling Three New Funds

News summary by MFWire's editors

Just in time for the new year, San Francisco-based RS Investments launched three fixed-income funds on Thursday, rounding out its fund offerings at eight, InvestmentNews reports.

The new funds -- the RS Strategic Income Fund, the RS High Yield Municipal Bond Fund, and the RS Floating Rate Fund -- will each offer multiple share classes. Expenses for the A share class are capped at 35 basis points through April 30, 2011.

Helping to get the funds off the ground was Guardian Investor Services who provided $135 million in seed money and is the sub-advisor to the three new funds, in addition to managing RS' five other fixed-income funds.

“Right now we're in an environment where there are plenty of good fixed-income opportunities across the board,” Lesli Barbi, head of RS' fixed income investments, told InvestmentNews. Barbi will oversee allocations and rebalancing assets for the Strategic Income fund and lead a team of six that will actively co-manage the fund.

The High Yield Municipal Bond Fund, which aims to capitalize on the tax protection municipals offer should taxes go up, is co-managed by Alex Grant and analyst Sylvan Feldstein, who also manage RS' Tax-Exempt Fund. Marc Gross and Kevin Booth manage the Floating Rate Fund, which will focus on bank loans and is designed to shield investors from rising interest rates.

“We sat down and asked ourselves, 'How is the world turning and how might it turn?'" Terry Otton, chief executive of RS, told InvestmentNews. “When we thought about the considerations of possibly rising inflation, the value of the dollar the likely consequences of the growth of economies globally, we concluded that people would want to address those very issues.” 

Edited by: Patricia Kelly


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  2. IDC webinar - A Primer on Digital Assets, Tokenization, and Distributed Ledger Technology, September 3
  3. WE U.S. - Women in Finance brunch at Dallas Securities Traders Association conference, September 4
  4. FutureProof Festival, Sep 7-10
  5. WE SoCal - Welcome Mixer at FutureProof, September 8
  6. WE US - ICI conference luncheon, September 8
  7. ICI ETF Conference, Sep 8-10
  8. WE Chicago - Unstoppable: A Journey of Resilience and Redefining Limits, September 9
  9. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  10. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  11. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  12. WE San Francisco - Annual Networking Event, September 11
  13. 2025 MMI Institutional Forum, September 11
  14. IDC webinar - Distribution for Fund Directors: Evolution and Trends, September 15
  15. IMEA Content Management Roundtable, September 16
  16. IMEA 2025 Star Awards Celebration, September 16
  17. IMEA Marketing Summit, Sep 16-17
  18. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  19. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  20. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  21. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  22. IMEA Portfolio Construction Roundtable, September 24
  23. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  24. IMEA Models Roundtable, September 25
  25. Expect Miracles Atlantic Coast Classic 2025, September 29
  26. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use