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Alternative Market Briefing

Catalyst Funds completes acquisition of Exceed Defined Shield Index Fund

Friday, September 08, 2017

Komfie Manalo, Opalesque Asia:

Alternative-focused mutual fund company Catalyst Funds had completed its acquisition of the Exceed Defined Shield Index Fund which has now been rebranded as Catalyst/Exceed Defined Shield Fund (SHIIX). The company said it would same investment strategy as its predecessor.

"The acquisition of the Exceed Defined Shield Fund expands Catalyst's portfolio of 'defined outcome' investment strategies by adding a fund with a proven track record," said Jerry Szilagyi, CEO of Catalyst Funds in a statement. "The Exceed team has developed strategies that allow portfolios to seek to hedge against bear markets, while attempting not to sacrifice profits on the upside. We think this is an important portfolio management tool and one that we want to offer investors alongside Catalyst's range of alternative investment strategies."

The fund's strategy tracks a basket of four rolling "defined outcome" investments, which meet two specific characteristics. The first seeks to limit losses to approximately the first 12.5% of S&P 500 Index losses on an annualized basis. The second, seeks annual upside participation in the S&P 500 Index to a maximum gain of 15%, even if annual S&P 500 Index performance surpasses that percentage. For investors, this means the fund will seek to provide a limit to losses during extreme market decline......................

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