Toronto-based Capital International Asset Management (Canada) Inc. has launched a new fixed-income mutual fund. Capital Group World Bond Fund (Canada) is meant for investors who are looking for exposure to a broad geographical selection of fixed-income securities. The fund will invest primarily in investment-grade bonds with different economic cycles, yields and currency valuations. The portfolio manager of the fund can invest in any country, currency, credit quality, coupon or maturity, including a mix of government/agency, corporate, and mortgage- and asset-backed bonds from around the world. Mark Brett, David Daigle, Thomas Høgh and Robert Neithart will each manage a portion of the fund’s assets independently. Units are available through front-end sales only. Advisor commissions are 0%-2.5% initially; trailing commissions are 0.5%. Management fees are 1.15% for A-class units and 0.65% for F-class units. Minimum investment is $500.
(fcollie@investmentexecutive.com).