Palmer Square Ultra-Short Duration Investment Grade fund launches

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Palmer Square Capital Management launched its ultra-short duration investment grade strategy in a mutual fund format with the Palmer Square Ultra-Short Duration Investment Grade fund, according to a Wednesday press release.

“Given the lack of true ultra-short duration funds as well as the changes which have occurred with money market funds, we have had demand from our investors to access our ultra-short duration strategy in mutual fund format,” Christopher D. Long, president of Palmer Square Capital Management, said in the release.

“We believe that the fund offers investors a unique alternative to traditional shorter duration investments, in that, our strategy seeks low interest rate sensitivity and low spread duration yet it offers investors an attractive relative yield and a diversified source of income."

The fund will invest primarily in high quality, short-dated corporate bonds, loans, traditional asset-backed securities and structured credit, most notably collateralized loan obligations, Palmer Square said.

Palmer Square Capital Management is based in Mission Woods, Kan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.