Scout Investments Launches New Mutual Fund

A new mutual fund at Kansas City-based Scout Investments Inc. will focus its holdings on high-quality bonds that mature in one to three years.

The Scout Low Duration Fund will earn higher interest rates than money market mutual funds but carry less risk than longer-term bond funds, the company’s announcement said. It also may invest in higher yielding securities, which can carry more risk of default, when fund managers see them as an attractive option. Read more on Kansas City Star.

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