Sierra Investment Management Introduces Strategic Income Fund
22.05.12
The Sierra Strategic Income Fund will access an unusually wide variety
of asset classes by investing in unaffiliated mutual funds and Exchange
Traded Funds (ETFS) – collectively, “underlying funds”. The fund will
seek to enhance total return and reduce volatility and downside risk of
its overall portfolio by investing primarily in selected underlying
funds that invest in a wide variety of fixed-income instruments of
various maturities and quality, including domestic and foreign bonds
(some of which are hedged against currency risk), preferred stocks, and
REITS, and on occasion in funds that are designed to have returns that
are inverse to the 10-year U.S. Treasury note or the 30-year U.S.
Treasury bond or that hedge foreign currency risk.
“The Sierra Strategic Income Fund is a tactical, diversified, Absolute
Return fund that shares the low-volatility and downside-protection
philosophy that Sierra is known for,” said Kenneth L. Sleeper, MBA, PhD,
Managing Director and co-founder of Sierra and lead portfolio manager of
the new Sierra Strategic Income Fund, as well as co-portfolio manager of
the Sierra Core Retirement Fund, a five-star* rated Fund out of 843
Moderate Allocation Funds by Morningstar for the three years ended
December 31, 2011. “By attempting to limit overall volatility and
downside risk as well as looking for opportunities to enhance return
through income and capital appreciation, the Sierra Strategic Income
Fund can play a prominent role in conservative investors’ portfolios.”
However, there is no assurance that the Fund will achieve its investment
objective.
Source: Business Wire (press release)