Delaware Investments has launched the Delaware Diversified Floating Rate Fund, which will invest across the fixed income investments spectrum for those investors looking for exposure to floating-rate securities; at least 80% of its assets will be in floating-rate securities.
Using a fundamental, bottom-up approach, the fund will invest in investment-grade corporate bonds, bank loans, high-yield bonds, non-agency mortgage-backed securities, asset-backed securities, securities issued or guaranteed by the U.S. government, municipal bonds and securities of foreign issuers in both developed and emerging markets.
The fund will be managed by a seasoned group, including Delaware’s co-Chief Investment Officers of Total Return Strategy Roger Early and Paul Grillo, High Yield Chief Kevin Loome, and David Hillmeyer, who specializesin corporate and bank loans.
“In this economic environment when investors are seeking hedges against inflation, a floating-rate fund may be a strong addition to a portfolio,” said J. Scott Coleman, executive vice president and head of distribution and marketing at Delaware. “We believe the flexibility and diversification built into Delaware Diversified Floating Rate Fund is a timely solution.”