Armada Funds announced today that it is introducing a new small-to-mid-cap value fund that will focus on stocks with market values of $500 million to $5 billion.

The firm said that its new Armada Small/Mid Cap Value Fund employs a relatively rare strategy, considering "only six of the more than 1,900 funds in Lipper’s Small-Cap and Mid-Cap value and growth categories label themselves as small-mid funds."

The product is designed to provide "investment advisers with a product for their clients that taps into the potential of the small-to-mid sector, which may potentially provide [a higher] return than a typical mid-cap value fund with less volatility than a typical small-cap value fund," said Armada Director of Equity Daniel Bandi.

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