STAMFORD, Conn.--(BUSINESS WIRE)--Rareview Capital LLC, an SEC registered investment advisor, today announced the launch of the Rareview Longevity Income Generation Fund, a mutual fund for investors that aim to generate a high level of current income. The Fund will trade under the symbol RLIGX.
The objective of the Fund is to seek to generate long-term capital appreciation and current income by investing in closed-end funds.
The investment strategy of the Fund is to utilize a top-down asset allocation approach to tactically rotate amongst closed-end funds that pay regular periodic cash distributions, whose share prices trade at substantial discounts relative to their underlying net asset values.
Each step of the Fund strategy is governed by a rules-based discipline:
1. Asset Allocation: A global, top-down, long-term and cyclical asset allocation model that utilizes the latest generation of technical and fundamental factors to weight investments.
2. Valuation: A proprietary model-driven approach to measure the relative cheapness of each closed-end fund on an intra-asset class basis.
3. Risk Overlay: A systematic process that purchases index put options in an attempt to protect against sharp market drawdowns and invests cash to take advantage of rebounds.
“The Rareview Longevity Income Generation Fund is built to address the aging and massive demographic shifts that are reshaping our society while at the same time Government policies have significantly curtailed the savings rate for retirees,” said Founder and CIO Neil Azous. “With 10,000 people per day retiring for the next 14 years straight1, or 50 million US citizens, and the average life expectancy of the Baby Boomer generation having increased by over 10 years since 19502, there has never been a greater necessity for providing income solutions. If you are looking to enhance income and cash flow, manage sector or interest rate risk, improve diversification, or are concerned about your purchasing power, the Fund has many potential benefits over the course of a full market cycle.”
About Rareview Capital LLC
Rareview Capital LLC is an SEC registered investment advisor that specializes in income solutions.
Rareview Capital LLC is headquartered in Stamford, CT and can be reached at 203-539-6067. For additional information, please see www.rareviewcapital.com.
Disclosure
This press release is for informational purposes only, and is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the information and material in this communication is intended to constitute legal advice, tax advice, investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
Please carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information is contained in the Fund's prospectus, which you may obtain by visiting www.rareviewfunds.com or calling +1-888-RVFUNDS. Read the prospectus carefully before investing.
Mutual Fund investing involves risk, including the possible loss of principal. Closed-end funds involve investment risks different from those associated with other investment companies. Shares of closed-end funds frequently trade at either a premium or discount relative to their NAV. When the Fund purchases shares of a closed-end fund at a discount to its NAV, there can be no assurance that the discount will decrease. To the extent the Fund invests in closed-end funds that invest in fixed income securities, the Fund may be subject to the risks of investing in fixed income securities. Fixed Income securities in a closed-end fund that are rated below investment grade (i.e., “high yield fixed income securities” or “junk bonds”) are subject to additional risk factors such as increased possibility of default liquidation of the security, and changes in value based on public perception of the issuer. The Fund’s investments in closed-end funds may indirectly subject the Fund to the risks associated with bank loans to the extent that the closed-end funds invest in bank loans. Investments in secured and unsecured assignments of (or participations in) bank loans may create substantial risk. To the extent the Fund invests in closed-end funds that invest in REITs, the Fund may be subject to the risks in REITs. REITs are companies that own or finance income-producing real estate. Investments in REITs are subject to the risks associated with investing in the real estate industry such as adverse developments affecting the real estate industry and real property values, including losses from casualty or condemnation, and changes in local and general economic conditions, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates, or indices. Derivatives can be volatile and illiquid and may entail investment exposure greater than their notional amount. Some investments may not be readily sold at the desired time or price, and may be sold at a lower price or may not have a sufficient market to be sold at all. The Fund is new with no operating history, and there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board may determine to liquidate the Fund.
The Fund is distributed by Quasar Distributors, LLC.
1 Source: Pew Research Center, Baby
Boomers Retire, December 29, 2010
2 Source:
Population Reference Bureau, Population
Bulletin, December 2015
