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Axis Mutual Fund has launched Axis US Treasury Dynamic Bond ETF Fund of Fund, an open-ended FoF investing in US treasury securities across duration.
The fund aims to invest 95% to 100% of its instruments in units of overseas ETFs and the remaining in debt and money market instruments.
In a press release, B. Gop Kumar, MD and CEO of Axis MF said, “US treasuries have been at historic highs recently due to significant expansion of the US Fed balance sheet and an easy monetary policy stance for the last 2.5 years. Furthermore, the current market conditions warrant allocation to duration assets.”
Ashish Gupta, CIO, Axis MF, added, “As market cycles vary, the need to pivot allocations becomes essential. Our fund is strategically designed to respond to these fluctuations, aiming to maximize the risk-return profile for our investors by actively managing strategies across different segments of the US G-Sec yield curve."
