State Street Research and Management Co., a money manager in Boston, has introduced a bond fund for investors seeking high monthly income.

The Metropolitan Life Insurance Corp. unit, which manages $38.9 billion, is the latest to roll out a so-called strategic income fund. These funds invest in U.S. Treasuries, foreign bonds, and high-yielding corporate bonds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.