iM Global Partner and Dolan McEniry Capital Management have announced the launch ofthe iM Dolan McEniry Corporate Bond Fund, a high-quality, value-focused U.S. mutual fund managed for long-term growth and income.
The fund, which launched on September 28, 2018, is the second iM Dolan McEniry investment product developed since iM Global Partner acquired a 45% interest in the Chicago-based fixed income asset management company in late 2016. The iM Dolan McEniry US Corporate UCIT fund in Europe was launched in October 2017. Dolan McEniry has a 21-year track record of exceptional performance in fixed income products relative to industry peers and market indices over the short, medium and long terms.
Daniel D. Dolan, Jr and Roger S. McEniry, co-owners of Dolan McEniry, said:
We are delighted at the launch of the iM Dolan McEniry Corporate Bond Fund, the first mutual fund offering in our 21-year history. This fund will have a similar investment strategy to our flagship Core Plus bond product and offer a broader group of investors access to a conservative portfolio of corporate bonds with a track record of very attractive long-term returns.
The new iM Dolan McEniry Corporate Bond Fund (Institutional Class Ticker: IDMIX) will be offered to a larger universe of investors through iM Global Partner’s US distribution platform. It will be managed by Dolan McEniry’s experienced investment team using fundamental, in-house research focused solely on the U.S. corporate bond universe, both investment grade and high yield.
Paris-based iM Global Partner is an investment and development platform focused on acquiring strategic investments in best-in-class traditional and alternative investment firms in the U.S., Europe and Asia. In addition to Dolan McEniry Capital, iM Global Partner has strategic minority investments in Polen Capital (Boca Raton FL), Sirios Capital Management (Boston) and Dynamic Beta investments (New York), with combined assets under management of $31.9 billion as of August 2018.
Jeffrey Seeley, COO and Head of US Distribution of iM Global Partner US, commented:
Dolan McEniry is a proven leader in fixed income asset management with a 21-year record of excellence. Their entry into the US mutual fund market will allow broader access to Dolan McEniry’s investment products for individual investors, advisors and institutions. We at iM Global Partner are thrilled to assist in the expansion of Dolan McEniry as we work together to bring new investment vehicles to additional market participants.