The LOM Financial Group Limited has introduced a new fixed income mutual fund denominated in Canadian dollars.

It will be managed by LOM Asset Management, the investment management subsidiary of the LOM Financial Group which currently manages fixed income funds in US dollars, Sterling and euros.

In a statement the company said the team will be actively managing the fund “utilising its technology-enabled electronic trading platforms and it will be benchmarked against the Bloomberg Barclays Canadian Aggregate 1-5 Year Bond Index. Active duration targeting and credit research will be employed to enhance portfolio returns”.

Bryan Dooley, senior portfolio manager and general manager with LOM Asset Management, said that the new fund was developed as a result of growing demand from clients, many of whom are originally from Canada and plan to return at some point in the future and from those who have other ties to the country.

While the fund initially appeals to Canadian citizens and investors with future plans to spend in Canadian dollars, other investors may see the fund as a strategic currency play on the resource-rich nation. The Fund will be listed on the Bermuda Stock Exchange.