NEW YORK, Jan. 16, 2013 /PRNewswire/ -- American Independence Financial Services, LLC (American Independence), an independent investment manager based in New York, announced today that it is launching a new investment strategy, Dynamic Conservative Plus (DCP). The strategy will also be available through a mutual fund, to be run by veteran manager Imanol Laresgoiti, and will make tactical investments in a set of exchange traded funds (ETFs) across sub-asset classes in the fixed-income, commodity, equity and alternative asset markets. The Dynamic Conservative Plus Fund is available in Class A (AABBX) and Institutional (TBBIX) share classes, and the fund's investment objective is long term capital appreciation.
DCP uses a proprietary business cycle model and optimization engine to allocate across a global portfolio of ETFs and manage downside-risk. The fund is targeted at risk-conscious investors and intermediaries seeking to generate total return while addressing investors' demands for a portfolio that moves quickly to "safer," or defensive, sectors and away from riskier assets and markets.
"Investors are increasingly challenged by low bond yields, volatile equity markets, and the risk of rising interest rates and inflation. We believe a dynamic, multi-asset class approach to generating total return represents an opportunity to manage volatility and downside risk while targeting positive returns," said John Pileggi, Managing Partner of American Independence. "We have had the great fortune to identify Imanol Laresgoiti, a manager with a record of both aptitude and achievement in managing tactical portfolios that use ETFs and which seek to manage risk and volatility."
Mr. Laresgoiti has a long and distinguished history of managing tactical and alternative mandates, having previously founded Luz Capital S.C. Luz Capital provides consulting services and investment advice on sophisticated investment strategies to a broad range of clients including high-net worth individuals, financial institutions and other asset managers through proprietary asset allocation models and market neutral trading strategies. Mr. Laresgoiti is a member of the Board Investment Committee of the 5th largest mutual fund manager in Mexico and investment advisor for the one of the 10 biggest financial groups in Switzerland.
The Dynamic Conservative Plus Fund launched with a Special Meeting of Shareholders, who voted to approve new investment objectives and policies, effective December 20, 2012.
The DCP strategy is also available as a Separately Managed Account (SMA) through various SMA and Model Platforms and Sponsor Programs. American Independence and DCP are listed in BlackRock's iShares Connect: The Guide to ETF Investment Strategists Guide. The Guide offers a robust list of portfolios from independent ETF investment strategists and is updated quarterly. The iShares Connect program serves as a resource for financial advisors to identify third-party managers offering model ETF portfolios. It is a screening tool and online Guide to explore some of the innovative ways in which advisors are using ETFs to help clients meet their investment goals. BlackRock is not affiliated with American Independence Financial Services, LLC.
About American Independence Financial Services, LLC
American Independence is an investment advisory firm registered with the SEC providing professional, actively managed investment advisory services to eight American Independence Funds, as well as separately managed accounts, aggregating $1.1 billion in assets under management. The firm is comprised of industry leaders with over 25 years of average industry tenure. To learn more about American Independence, visit www.americanindependence.com or call (646) 747-3477.
American Independence Financial Services, LLC
Eric Rubin, President
Investing in the Fund involves risk. Equity securities are more volatile and carry more risk than other forms of investments. The Fund may invest in small and mid-cap securities that are more volatile than large cap stocks.
High Portfolio Turnover Rate Risk. High portfolio turnover rates could generate capital gains that must be distributed to shareholders as short-term capital gains taxed at ordinary income rates (currently as high as 35%) and could increase brokerage commission costs.
Emerging Markets Risk. The Fund may invest in foreign securities that may include securities of companies located in developing or emerging markets, which entail additional risks, including: less social, political and economic stability; smaller securities markets and lower trading volume, which may result in less liquidity and greater price volatility; national policies that may restrict securities investment opportunities, including restrictions on investments in issuers or industries, or expropriation or confiscation of assets or property; and less developed legal structures governing private or foreign investment.
High Yield Securities. Lower rated securities are subject to greater risk of loss of income and principal than higher rated securities and may have a higher incidence of default than higher-rated securities. The prices of lower rated securities are likely to be more sensitive to adverse economic changes or individual corporate developments than higher rated securities
ETF Risks. The following are various types of risks to which the Fund is subject based on the certain types of ETFs in which the Fund will be investing: General ETF Risk. The cost to a shareholder of investing in the Fund may be higher than the cost of investing directly in ETF shares and may be higher than other mutual funds that invest directly in equities. You will indirectly bear fees and expenses charged by the ETFs in addition to the Fund's direct fees and expenses. Tracking Error Risk. There is no assurance the ETFs the Fund may utilize will achieve their objectives. Additionally, since many ETFs are managed to reflect daily price change objectives, there will be a compounding effect if the ETFs are held for longer than one day.
For more complete information on the American Independence Funds, you can obtain a prospectus containing complete information for the funds by calling 866-410-2006, or by visiting www.aifunds.com. Please read the prospectus carefully before investing. You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest or send money. Information about these and other important subjects is in the Fund's prospectus or summary prospectus.
American Independence Financial Services, LLC is a limited liability company.
Shares of the American Independence Funds are distributed by Matrix Capital Group, Inc., which is not affiliated with American Independence Financial Services, LLC.
Not FDIC Insured - May Lose Value - No Bank Guarantee
SOURCE American Independence Financial Services, LLC