Axis Mutual Fund launches Axis US Treasury Dynamic Bond ETF Fund of Fund
Axis Mutual Fund announced the launch of the 'Axis US Treasury Dynamic Bond ETF Fund of Fund'. Benchmarked against the Bloomberg US Intermediate Treasury TRI, the primary investment objective of the scheme is to provide regular income by investing in units of overseas ETFs where the investment mandate is to invest in US treasury securities across duration.
The fund will be managed by Vinayak Jayanath. The new fund offer (NFO) is set to open for subscription on December 12, and will close on December 19.
The scheme will predominantly follow an active investment strategy for investments in the overseas mutual funds. The fund is designed to dynamically adjust to market fluctuations, aiming to capitalize on the expected yields and minimize risks. This fund has the potential to be an ideal addition for those looking to diversify their portfolio for international exposure. This dynamic management approach allows the fund to adapt to changing macroeconomic conditions, targeting both capital appreciation and income generation opportunities.
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Ashish Gupta, CIO, Axis Mutual Fund, said, «Dynamic allocation is pivotal in today's ever-changing economic landscape, and the Axis US Treasury Dynamic Bond ETF Fund of Fund embodies this principle. As market cycles vary, the need to pivot allocations becomes essential. Our fund is strategically designed to respond to these fluctuations, aiming to maximize the risk-return profile for our investors by actively managing strategies across different segments of the US G-Sec yield curve.»
B. Gop Kumar, MD & CEO of Axis AMC, said, “The global economic landscape is evolving rapidly, and US
