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
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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.