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Products September 13, 2012
Advantus Introduces Strategic Dividend Index Fund
Advantus Capital Management launched the Strategic Dividend Income (SDI) Fund.
Reported by Kristen Heinzinger
The fund aims to produce higher income than investment-level fixed-income products, and also to manage volatility and inflation risk in a broadly diversified equity portfolio.
The SDI Fund’s primary investment strategy is to invest in dividend-paying equity securities, such as common and preferred stock from utilities, energy, infrastructure-related, real estate-related and other companies.
Typically, 50% or more of the fund’s total assets will be allocated to real estate securities. It may also invest up to 25% in total assets in the securities of master limited partnerships (MLPs). Furthermore, the fund may invest in exchange-traded funds (ETFs), exchange-traded notes (ETNs), Treasury inflation-protected securities (TIPs) and futures.
Lowell R. Bolken, CFA, vice president, and Craig M. Stapleton, CFA, quantitative strategies portfolio manager, will co-manage the SDI fund with Joseph R. Betlej, CFA, vice president and portfolio manager.