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Lord Abbett introduces inflation focused fund

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Lord, Abbett & Co is to launch the Lord Abbett Inflation Focused Fund (LIFAX), fund specifically designed for investors concerned about the impact of inflation on future purchasing power.

The newest addition to Lord Abbett’s taxable fixed income product line seeks to deliver a positive total return in an inflationary environment by utilising a distinctive combination of short-term credit instruments and inflation-linked investments in an effort to deliver investment returns that exceed the rate of inflation over a full economic cycle.

"With inflation concerns increasingly on the minds of our clients and business partners, we wanted to provide a product that seeks to deliver positive returns in an inflationary environment while helping to guard investors during periods of rising interest rates," says Daria Foster (pictured), Lord Abbett Managing Partner. "We believe this is a competitive solution that provides a shorter duration, higher yield, and lower expenses compared to many of the other inflation-protected products currently available in the market."

The fund will be managed by a seasoned group of Lord Abbett investment professionals. Robert A Lee, Partner & Director of Taxable Fixed Income, will oversee the portfolio management team of Andrew H O’Brien, Partner, and Kewjin Yuoh. In addition, the team will be supported by 21 investment professionals who have an average of 14 years of investment experience.

Lord Abbett has been managing taxable fixed-income products for more than 80 years. Since 2007, the firm has implemented several changes to its taxable fixed-income product lineup to better meet client needs, including the introduction of both a bank loan fund and an emerging markets currency fund; the repositioning of existing products; and the reduction of expense ratios and sales charges. As a result, the firm has experienced notable growth in taxable fixed income assets from USD21.5 billion on December 31, 2007 to USD45.0 billion today (as of March 31, 2011).

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