LOM Asset Management has rolled out a new income fund, Royal Gazette reports. The LOM Stable Income Fund invests in common stock, preferred stock shares, high-dividend-paying equities and select bonds with a target market for clients seeking current income and greater returns than money market funds and short-term bonds.

The new portfolio will pay out a monthly annualized dividend of 3.6% during 2011 and offer income yield of 5.1% gross of management fees. It compares favorably with returns from other asset classes, including five-year U.S. Treasuries, 10-year U.S. Treasuries and Standard & Poor’s 500 average yield of 1.93%.

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