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Natixis GAM presents McDonnell intermediate municipal bond fund

BBR Staff Writer Published 03 January 2013

Natixis Global Asset Management (NGAM) has rolled out McDonnell Intermediate Municipal Bond Fund, designed to provide tax-sensitive investors with a strategy that seeks attractive risk-adjusted investment opportunities across sectors and securities.

The fund utilizes high-quality investment approach to limit credit and interest rate risk while mainly generating federal tax-free income, claims the asset manager.

Natixis Global Asset Management - US distribution president and chief executive officer said that the new fund will enable investors to determine their investment goals and build durable portfolios for the long term.

Focusing on high-quality national municipal bonds with maturities period from 3 to 15 years, the new fund is largely diversified by issuer, state and sector.

The company has appointed four executives to manage the fund, including Dawn Mangerson, vice president and senior portfolio manager; and James Grabovac, managing director and senior portfolio manager.

Other two members include Lawrence Jones, portfolio manager; and Steve Wlodarski, managing director and co-head of fixed-income portfolio management.

Headquartered in Paris and Boston, Natixis Global Asset Management manages assets under management totaling $734bn (€570bn) as of 30 September 2012.