Performance Trust Investment Advisors
a Chicago RIA that entered the mutual fund
business last year, has unveiled its second
mutual fund, the Performance Trust Municipal
J. Thomas Futrell
, an alum of Nuveen Investments and Claymore who
recently joined Performance Trust, leads the fund's credit analysis team.
Fellow Nuveen alum John Wilhelm
recently joined Performance
Trust's municipal team.
The launch of the fund, say company officials, forms part of the company's strategy to offer individual investors the same scenario-based total return strategy available to its fixed income institutional clients.
Performance Trust applies sector and credit analysis to predominately
investment grade muni bonds and subjects those bonds to the Shape Management
Strategy. The strategy analyzes potential capital appreciation and interest rate
risk in a range of up and down financial market scenarios.
"There is opportunity with distress, mispricing and inefficiencies in the financial markets," said
, PTIA chief investment officer, in a press release on Tuesday.
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