M.D. Sass is looking to build out its fledgling mutual fund family with the launch of the M.D. Sass Equity Income Plus Fund (MDEIX, MDEPX), which bets on a diversified portfolio of dividend paying common stocks.
Martin Sass, the firm’s founder, is the lead portfolio manager of the fund.
“The beauty of this fund is that even if the underlying stocks in the strategy remain the same, it still has the potential to capture returns from dividends and option premiums, potentially exceeding the yield offered from high yield bonds today,” stated Sass.
“The fund makes a great complement to equities and bonds in a diversified portfolio.”
The firm currently also manages the M.D. Sass 1-3 Year Duration U.S. Agency Bond Fund in addition to its private equity and fund of hedge funds.
