OppenheimerFunds has launched the actively-managed Oppenheimer Short Duration Fund. The new fund will be managed by Carol Wolf, head of the Denver-based Oppenheimer cash strategies team and Chris Proctor, vice president and portfolio manager. The fund will invest in a variety of investment grade short-term debt and money market instruments. The instruments include U.S. dollar-denominated, investment-grade fixed income obligations, including corporate notes, floating and variable rate instruments, asset backed securities and U.S. government and agency debt.
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