StockNews.AI · 2 hours
The North Square Preferred and Securities Income Fund (ORDNX) was awarded the LSEG Lipper Fund Award for its strong risk-adjusted performance in the Best Flexible Income Funds category. Winning this prestigious award for the third consecutive year may boost investor confidence and attract new capital, positively impacting fund performance.
Awards can significantly improve perceptions and drive inflows; historical examples show funds see price increases after similar recognitions.
ORDNX is a buy as recognition may drive inflows and enhance returns this year.
This announcement fits within 'Corporate Developments' as it highlights the fund's ongoing accolades and stresses the investment management team's role in generating consistent results. Such recognition can enhance the fund's reputation, appealing to potential investors seeking stable income-producing investments.