The newly introduced fund, which will be available through all major investment dealers, will be managed by Reams Asset Management, a division of Scout Investments.
Redwood Asset Management president Peter Shippen said that the company concentrates on investment mandates that assist Canadians to fulfill their specific portfolio requirements.
"The future for fixed income markets is very challenging, and our search, in light of this uncertain future for bond investors, led us to Reams," Shippen added.
Justifying the appointment of Reams to manage the fund, Redwood sales vice president Jeff Bennett said that without Reams, the company would not have considered to launch the fixed income fund.
"Their tactical approach to the bond market is unique and has delivered for investors over many years, in many different rate environments," Bennett added.
Designed to offer equity-like returns with less volatility, Redwood’s income services invests in dividend-paying and higher yielding securities.
