Eaton Vance Management has launched an income mutual fund that seeks to earn returns above inflation by investing in short-and intermediate-maturity Treasury Inflation Protection Securities (TIPS), as well as floating-rate corporate loans and other instruments.

"The Eaton Vance Short Term Real Return Fund seeks to protect shareholders against rising inflation by investing in two income asset classes whose returns are among the most closely correlated with inflation: short- and intermediate-maturity TIPS and floating rate corporate loans," said Payson Swaffield, chief income investment officer at Eaton Vance.

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