MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 8, 2021 Three Years and $1B In AUM A fixed income asset manager's team is celebrating two big milestones simultaneously, for the same mutual fund. Yesterday, Clayton Triick, senior PM of the Angel Oak UltraShort Income Fund (AOUIX), and Sam Dunlap, chief investment officer of public strategies at Angel Oak Capital Advisors [profile], confirmed that the fund has crossed the $1-billion-AUM line. This month the fund also reaches its three-year anniversary, an key step for making it more visible and attractive to consultants and advisors using investment screening tools (as the tools, or those using them, often exclude funds with less than three-year track records). The fund has doubled in less than eight months, as it crossed the $500-million-AUM line last August. Triick puts the fund's recent growth in the context of "concerns surrounding inflation and interest-rate risk, coupled with near-zero yields in money market funds." Printed from: MFWire.com/story.asp?s=62732 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |