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The funds generally start with higher equity exposure than otherlife-cycle products, with the 2017 portfolio starting with a 75%allocation.
Franklin Templeton launches T-bill class
(June 24, 2008) Franklin Templeton Investments has announced thelaunch of the Franklin Templeton Treasury Bill Yield Class, whichuses a derivative strategy to provide returns in the form oflower-taxed capital gains, rather than interest.
The fund will invest in Canadian equities and enter into forwardcontracts under which it will forward-sell the equity securities ata future date. The forward contracts will tie returns to those ofthe Franklin Templeton Treasury Bill Fund.
That fund is managed by Guy Le Blanc, who will also manage the newTreasury Bill Yield Class.
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BMO offers U.S. high-yield bond fund
(June 24, 2008) BMO Investments has launched a new fund aimed atproviding investors with exposure to the U.S. high-yield bondmarket. The BMO U.S. High Yield Bond Fund invests in American fixedincome instruments to generate a total return made up of interestincome and capital gains.
It will focus on the riskier end of the debt market, investingprimarily in securities rated below BBB, but will attempt tomitigate risk using bottom-up quantitative and fundamentalanalysis.
"Investing in U.S. high-yield bonds provides investors withenhanced return potential and improved diversification given thebonds' historically lower correlation to other sectors of the fixedincome market," said Linda Knight, president and COO, BMOInvestments Inc.
The fund is available in both Series A units for retail investorsand Series I units for institutional investors. The fund will bemanaged by HIM Monegy, Inc., part of BMO Financial Group'sChicago-based subsidiary, Harris Investment Management, Inc.
(06/24/08)