Excel Latin America Bond Fund II announces IPO
The closed-end fund will invest in high yield fixed income securities issued by companies in Latin America
- By: IE Staff
- April 5, 2013 April 5, 2013
- 08:50
The closed-end fund will invest in high yield fixed income securities issued by companies in Latin America
Many firms have already capped their sales of “character conversion” funds
Signature Global Advisors’ Eric Bushell says the U.S. is on the mend
Offering to close on April 18
Fund’s tax-advantaged distributions will end as a result of government’s clampdown on “character conversion transactions”
New account offers a promotional interest rate of 1.50% with a minimum balance of $5,000
Decision follows 2013 budget crackdown on character conversion transactions
Closings in response to proposed rule changes for “character-conversion transactions”
Hybrid Solution 100 combines guaranteed and adjustable features
Natural resources equity and precious metals equity were the worst performing indices
Initial yield expected to be 6.75% per year
Seven funds closing to additional investment
Two funds to close to new purchases
Market challenges in Europe have created opportunities for Capital International Global Equity Fund to invest in great companies
Move follows budget crackdown on character conversions
Multi-manager asset class funds are meant to offer group plan members more diversification
Bank loans, or senior debt, offer investors an alternative to high-yield bonds
Fund manager reviewing impact to Desjardins Capital Yield Bond Fund
TD Private Target Return Fund rating changed to “Low”
IA Clarington Sarbit Activist Opportunities Class to be managed by Larry Sarbit
Three of the new ETFs will be offered in U.S. dollars
Company says it is waiting for further guidance from the federal government
GCIC ends sub-advisory relationship with Marret Asset Management
Shareholders to vote on reorganization of corporate class funds
Veteran Chicago-based team manages small cap value and small cap core strategies