New products introduced over the last week include four funds from the Bennett Group and extended availability of a long/short fund from Forward Management. In addition, First Eagle launched a high-yield fund.
Here are the latest developments of interest to advisors:
1) Bennett Group Launches Funds for Professionals/Clients
Dawn Bennett (left), CEO and founder of Bennett Group Financial Services, announced Tuesday the launch of four mutual funds currently consisting of A shares available through financial professionals, banks, brokerages and insurance companies for their clients: the Bennett Conservative Fund (BFNAX); Bennett Moderate Fund (BFMAX); Bennett Growth Fund (BFOAX); and Bennett Aggressive Growth Fund (BFAAX). Bennett, a Washington D.C.-based private account wealth manager, serves as chief portfolio manager for the funds.
Bennett Conservative Fund seeks capital preservation and, secondarily, long term capital appreciation; Bennett Moderate Fund seeks a balance of capital preservation and long-term capital appreciation; Bennett Growth Fund seeks long-term capital appreciation and, secondarily, capital preservation; Bennett Aggressive Growth Fund seeks long-term capital appreciation.
2) Forward’s Long/Short Strategy Fund Now with Wirehouses