Nations Funds has begun operations of its newest fund offering: the
Nations High Yield Bond Fund. The fund's objective is to seek maximum income by investing in a diversified portfolio of high yield debt securities. The fund is advised by
Bank of America Advisors, and sub-advised by
MacKay Shields LLC, the newest Nations Funds Manager of Distinction.
"I am excited about both the fund and the caliber of the MacKay Shields High Yield team," said
Rob Gordon, president of Bank of America Advisors. "Not only does the fund broaden Nations Funds' investment spectrum by providing a fixed income alternative, it also offers investors access to a high yield money manager who has managed this discipline since 1991."
The Nations Funds family of funds, with assets in excess of $80 billion, offers more than 65 mutual funds to choose from. Nations Funds are available through
Banc of America Investment Services, a brokerage affiliate of Bank of America, Bank of America Private Bank and through a number of brokerage firms and independent financial advisers nationwide. 
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