Guardian Investors Services, a subsidiary of Guardian Life Insurance Co., has launched a new bond fund that answers the fears of investors who have taken widely publicized cautions about bond rate volatility to heart. The Guardian Low Duration Bond Fund reduces the risk of interest rate volatility because it focuses on shorter-duration instruments.

"We believe this fund will appeal to risk-averse investors who seek higher yields than are available in money market funds, but are unwilling to take on the additional interest rate risk or volatility of a longer-duration bond fund," said Thomas G. Sorrell, EVP and CIO.

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