New products introduced over the last week include a new contrarian value fund from Linde, Hansen & Co. and a new natural resources fund from Pyxis Capital.
In addition, Forward Funds closed its Forward Select Income Fund to new investors and Guinness Atkinson launched an inflation-managed dividend fund.
Here are the latest developments of interest to advisors:
1) Linde, Hansen & Co. Launches Contrarian Value Fund
Linde, Hansen & Co. announced recently the launch of the Linde Hansen Contrarian Value Fund (A shares: LHVAX; I shares: LHVIX). Its investment objective is long-term growth of capital, with income as a secondary objective.
Co-managers Edward K. von der Linde and Howard E. Hansen, former partners and fund managers at Lord, Abbett & Co., will invest via a contrarian value strategy in equities traded on U.S.-based exchanges to build a concentrated, long-only portfolio, and will generally hold between 20 and 40 securities.
2) Pyxis Capital Launches Natural Resources Fund with Ascendant as Advisor
Pyxis Capital announced Tuesday the launch of the Pyxis Natural Resources Fund (HNRAX). It will invest substantially all of its assets in the Ascendant Natural Resources Master Fund, which will be managed by Ascendant Advisors.
HNRAX, through the Master Fund, invests in equities of natural resources companies and will seek long-term outperformance of the S&P North American Natural Resource Sector Index. Unlike other natural resource funds, it will invest in sectors such as timber and agribusiness, which are not included in the traditional natural resource indexes.
3) Forward Select Income Fund Closing to New Investors
Forward, advisor to Forward Funds, announced Thursday that it has closed the Forward Select Income Fund (KIFAX) to most new investors as of March 30. The closing does not affect existing shareholders, who may continue to purchase shares.
The decision to close the fund was made to limit flows of new assets into the fund, which invests in preferred securities of real estate investment trusts with a focus on generating income. The closing of the fund will help maintain the quality of its investments and seeks to look after the best interests of the fund’s current shareholders.
4) Guinness Atkinson Launches Inflation Managed Dividend Fund
Guinness Atkinson Asset Management, advisor to the Guinness Atkinson Funds, announced on Wednesday the launch of the Inflation Managed Dividend Fund (GAINX), managed by Dr. Ian Mortimer and Matthew Page.
GAINX seeks current income and consistent dividend growth that exceeds inflation, with a global strategy that screens for high-quality, cash-generating companies to create a portfolio income stream that grows faster than inflation. The fund seeks to construct an equally weighted, concentrated portfolio of 35 stocks, diversified by geography and sector, with a focus on companies that have generated consistent, inflation-adjusted cash flow ROI in excess of 10% for 10 consecutive years.
Read the March 23 Portfolio Products Roundup at AdvisorOne.