Calgary-based alternative investment firm OmniArch on Friday announced the launch of the company’s Global Fixed Return Bond Fund.

“The new fund has a fixed yield to investors at 7.2% interest annually, paid out monthly, and is the second in a signature series of alternative income investment vehicles that OmniArch will be building, launching and offering to Canadian investors,” the company’s announcement says.

The fund will invest in a portfolio of European bonds, corporate bonds, government debt, commercial mortgage backed securities and residential mortgage backed securities.

“We built this fund so we could provide monthly cash flow for everyday, qualified investors. We select our bonds for their credit worthiness and the ability to provide asset backed cash flow for the fund, while offering a passive income stream with above average returns to our investors. We are finding huge demand for this type of fund given the unpredictable nature of our current economic climate,” says Jay Modi, executive chairman of the OmniArch Group of Companies, in a statement.

Portfolio manager for OmniArch, Ron D’Vari, adds: “Investors want diversity, and OmniArch offers an innovative way for qualified investors to get exposure to a universe of asset-backed securities, and asset-based private credit that is generally available only to larger institutions.”