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Babson Capital Management Rolls Out New Open-End Mutual Funds

January 31, 2014

Babson Capital Management , a global investment management firm with over $192 billion in assets under management, has launched two new open-end mutual funds: Babson Global Floating Rate Fund and Babson Global Credit Income Opportunities Fund . In a release on January 28 , the Company noted that the Babson Global Floating Rate Fund will seek to invest primarily in senior- secured loans from below-investment-grade companies that are domiciled in North America and developed European countries, and the Babson Global Credit Income Opportunities Fund will utilize an unconstrained investment strategy and seek returns across a multitude of higher yielding fixed income and alternative investments. To mitigate volatility, the fund's portfolio managers will focus on fundamental research in selecting securities for the portfolio. Babson Capital plans to distribute its new open-end funds through Registered Investment Advisor (RIA) custodial platforms, wirehouses, and independent and regional broker dealers. "Our goal is to help redefine how investors view the global high yield market, by providing access to the full spectrum of the asset class on a global scale," said Anthony Sciacca , President of Babson Capital Funds Trust and head of Babson Capital's Global Business Development Group . "Our global high yield investment team is among the largest and most experienced in the industry, which enables us to analyze thousands of global credits to identify the most attractive opportunities in the market. These new funds represent our "best of the best" ideas, which in turn help investors mitigate interest-rate risk, and provide current income and capital preservation over the long term." Babson Capital Management is a global investment management firm. More information: ((Comments on this story may be sent to ))

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