Scout Investments has expanded its mutual fund lineup with the launch of the Scout Low Duration Bond Fund (SCLDX). It is managed by Mark Egan, managing director at Reams Asset Management, a division of Scout Investments.
“The fund offers investors the potential for an attractive yield with relatively low credit risk and provides a strategy to help preserve capital during periods of rising interest rates,” stated Egan.
“Our team is excited about making this strategy available to a broader audience beyond the institutional marketplace,” Egan said.
The fund charges a management fee of 30 basis points.