OppenheimerFunds has launched the Oppenheimer Short Duration Fund, a fund that will seek to take advantage of imbalances in the credit market and provide competitive yield to money market funds and a relative stability of principal.

“The fund presents a diversification option for investors and seeks the combination of current income, while endeavoring to preserve capital,” said Carol Wolf, co-portfolio manager of the fund and head of the Oppenheimer Cash Strategies Team.

The fund will invest in a variety of U.S. investment-grade fixed income obligations, including corporate notes, floating and variable rate instruments, asset-backed securities and U.S. government and agency debt.

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