Ariel Capital Management, long known as a value fund complex, has filed with the SEC to launch a new growth product, the company announced this week.

Ariel currently offers two no-load equity funds, the Ariel Fund, which invests in undervalued stocks with market caps of less than $2 billion and the Ariel Appreciation Fund, which invests in undervalued companies with market caps of between $1 billion and $10 billion. The firm oversees more than $6 billion in assets.

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