Union Securities Ltd.

Union Securities Ltd.

December 08, 2010 11:38 ET

Union Securities Announces Launch of New Enhanced High Grade Bond Fund

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2010) - Union Securities Ltd., an independent Canadian investment dealer, announced today that it will be launching a new high grade bond fund to add to its comprehensive suite of investment services to retail, corporate, and institutional investors. This is the first of Union's proprietary products that is both managed and administered by the full service brokerage firm.

"This new Enhanced High Grade Bond Fund seeks to provide value by investing in high quality bonds, with an option writing program to provide enhanced income," says Levente Mady, the fund's Portfolio Manager and Managing Director, Derivatives at Union Securities Ltd. "Since this is an actively managed fund, my objective is to outperform the Canadian Bond Index while maintaining limited volatility. This fund is a conservative, high quality portfolio that is suitable for risk adverse individuals, corporations, and institutions that are looking for enhanced income while limiting their exposure to the volatility of the financial markets."

Mady, who has been with Union Securities since 2009, has over 20 years of extensive experience in the fixed income arena including having worked as a bond trader at CIBC and Deutsche Bank, and as a fixed income portfolio manager and analyst. He is also a regular commentator in the media and keynote speaker at conferences, addressing issues and opportunities for fixed income and derivative investments.

While Union Securities was always known for its expertise in the venture markets, today the firm is moving towards a more comprehensive, full-service approach while strongly maintaining its independence in a time of growing industry consolidation.

The Union Securities Enhanced High Grade Bond Fund is available from FundSERV code USS001 via any investment dealer.

About Union Securities Ltd.

Union Securities Ltd. is an independent Canadian investment dealer that was founded in 1963 in Vancouver, BC. Today the firm has branches all across Canada and more than 300 employees. Product offerings include equity trading, fixed-income investments, investment banking, wealth management services and commodity futures and options trading. Union Securities is also a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC).

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