ABN AMRO Funds
has opened the doors on a new high-yield bond fund. The new fund builds on capabilities the Chicago-based fund firm already wields on behalf of private and institutional clients, explained Kenneth Anderson
, president and CEO. He added that "it was a natural progression to offer a mutual fund to a wider audience based on the same time-tested strategy."
The portfolio managers for the fund are Todd Youngberg and Charles Ullerich. The Fund is available in institutional Class I and retail N shares - there are no sales loads or exchange fees. The minimum initial investment for Class N shares is $2,500 and for Class I shares, $1 million.
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