Neuberger Berman Multi-Asset Income Fund launches

By Toni Weeks

San Luis Obispo, Calif., April 2 – Neuberger Berman announced it has launched the Neuberger Berman Multi-Asset Income Fund, according to a press release.

The fund seeks to provide current income and capital appreciation by investing across a diverse range of global, income-producing asset classes.

Managed to a 60% Barclays U.S. Aggregate Bond index/40% S&P 500 index benchmark, the fund will provide exposure to U.S investment-grade and high-yield debt, international fixed-income and emerging-markets debt, U.S. and international equities, MLPs and REITs.

The portfolio managers are Erik Knutzen, Bradley Tank, Wai Lee and Ajay Jain.

“In a potentially rising-rate environment, investors desire strategies to both diversify and manage risk, especially at a time when traditional sources of income are no longer meeting rising-income needs,” Tank said in the release. “As a global investment manager with expertise across income-oriented strategies, we hope to meet that need with this fund.”

The fund offers four share classes, with ticker symbols of NANAX, NANCX, NANIX and NRANX.

New York-based Neuberger Berman Management LLC is the fund’s investment manager.

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