Armada Funds last Thursday launched a new Small Cap Core Fund aimed toward aggressive investors, one that will implement an investment strategy combining both value and growth strategies.

Gordon Johnson, the president and CIO of the fund’s sub-advisor, Allegiant Investment Counselors, said that the focus on the new fund would be stock selection and improvement of cash flow rates of return.

Investors can open their account with as little as $500 or pay $50 a month through its Planned Investment Program (PIP)

Armada’s senior vice president and director of products and marketing, Anne Ranacz-Kimmins, said that the multiple strategies in the new fund may be one its biggest advantages.

"Investors looking for small cap exposure in their portfolio needn’t worry about choosing between growth and value," Kimmins said.

Armada, an indirect subsidiary of National City Investment Management Company, has over 30 mutual funds, $15 billion assets under management.

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