David Lerner Associates, a privately-held financial services broker/dealer headquartered in Syosset, NY, announced the launch of the Spirit of America Income & Opportunity Fund (SOAOX), the fifth in the Spirit of America family of mutual funds. The fund, officially launched on Independence Day, features an aggressive approach to income-oriented products along with the flexibility to take advantage of opportunities based on changing economic conditions. Spirit of America’s mutual funds are offered exclusively at David Lerner Associates.
“We are very excited to introduce the fifth mutual fund in the Spirit of America family,” said John Dempsey, President of David Lerner Associates. “The Spirit of America Income & Opportunity Fund (SOAOX) is designed to provide intermediate and long-term investors with high current income and the potential for some capital appreciation. We believe this new fund is a good fit for our ‘sensible middle ground of investing’ strategy.”
The Spirit of America Income & Opportunity Fund (SOAOX) uses a diverse investment strategy that combines equity securities, fixed income securities, equity and mortgage Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs). Investors should be willing to accept the risks and potential volatility of such investments.
Spirit of America Investment Fund, a Maryland corporation organized on May 15, 1997, is an open-end management investment company. The company is comprised of the Spirit of America Real Estate Income and Growth Fund, the Spirit of America Large Cap Value Fund, the Spirit of America High Yield Tax-Free Bond Fund, the Spirit of America Income Fund and the Spirit of America Income and Opportunity Fund.
Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates 1 877 367 5960 http://www.davidlerner.com