Berger Financial Group, the investment manager for Berger Funds, said today that it has launched a new product called the Berger Small Cap Value Fund II. The product invests primarily in what are perceived to be undervalued stocks of small firms.

Officials at the company said their investors are increasingly interested in small-cap portfolios and, with the firm’s acquisition of Bay Isle Financial last year, it now has a team in place to oversee such a product.

The fund will be overseen by a team led by Bill Schaff, who co-founded San Francisco-based Bay Isle. Shares of the fund are available directly through Berger and will be offered via supermarkets by the end of the month.

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