MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 22, 2003 Private-Label Platform Adds Bonds FundQuest has launched a second separately managed account offering as follow-on to its two-year-old equity account. The new fixed income separate account debuted on March 1 and carries a minimum of $100,000 and will come in both taxable and municipal versions. The account is a response to feedback to the Boston-based from its partners. "It comes out of the demand from the field forces that the market is looking for something more conservative than the equity account," explained Tim Clift, vice president of investments. FundQuest offers its platform through private label relationships with insurers, banks and broker-dealers. Andrew Tong is the lead portfolio manager on the accounts. The taxable account will invest in a diversified portfolio of US Government Treasury, Agency, and overall high-quality corporate securities (Aa or better), said Clift. While the municipal product use invest in high-quality multiple state municipal debt obligations. Clift said he expects clients to choose on or the other of the accounts, depending on their tax bracket. Printed from: MFWire.com/story.asp?s=5007 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |