Redwood Launches Innovative Fixed Income Solution
March 30, 2015
TORONTO, ONTARIO–(Marketwired – March 30, 2015) – Redwood Asset Management Inc. (“Redwood”), a Toronto-based investment fund manager offering unique investment solutions managed by boutique investment managers to Canadians, is pleased to announce the launch of the Redwood Global Total Return Bond Portfolio.
The Redwood Global Total Return Bond Portfolio is a multiple strategy, multi-manager mutual fund, leveraging the expertise of renowned global fixed income managers in one simple product for Canadian investors.
The fund will invest, initially, in funds from Pacific Investment Management Company (PIMCO) and the sub-advisor to the Redwood Unconstrained Bond Fund, Reams Asset Management Company LLC, a division of Scout Investments, Inc. In addition, the fund will utilize two passive exchange traded fund strategies offered by Blackrock, Inc.
“With Canadian advisors questioning their current allocations in fixed income, we are excited to offer this solution, leveraging three specialist fixed income teams, in a single ticket solution,” said Jessie Behan, Regional Sales Manager with Redwood.
“The fund utilizes three distinct and complementary actively managed funds, led by award-winning fund managers seeking out fixed income returns using a variety of strategies,” said Luc Trudel, Regional Sales Manager at Redwood.
The initial portfolio will include the Redwood Unconstrained Bond Fund, PIMCO Monthly Income Fund (Canada), PIMCO Unconstrained Bond Fund (Canada) iShares Canadian Short Term Bond Index ETF and iShares Core High Quality Canadian Bond Index ETF.
“We are thrilled to continue bringing innovative products to the market, this is a great solution for advisors, and their clients, who are seeking a flexible, and unconstrained approach to the perils of fixed income markets,” said Jeff Bennett, VP, Sales.
The Redwood Global Total Return Bond Portfolio is offered by prospectus and available at all major investment dealers. The fund is expected to initially distribute 3.5 cents per unit per month.