Money Management Executive
Enterprise Concocts Two Balms for Investors
August 31, 2001, 1:00 a.m. EDT 1 Min Read
The Enterprise Group of Funds today launched a pair of new funds suited for skittish investors: Strategic Allocation and Total Return. Both funds also introduce new sub-advisors to the Atlanta-based firm.
"In each case, we have worked with the managers to offer shareholders innovative investments; flexibility and balance characterize both funds," said Victor Ugolyn, president and CEO of Enterprise, in a statement.
The Enterprise Total Return Fund is a bond fund managed by well-known bond manager, Bill Gross, founderly of PIMCO.
The Strategic Allocation Fund, sub-advised by Brinson Advisors, Inc., is a market-timer fund managed by Kirk Barneby, CIO of quantitative investments at Brinson. Using stock in the S&P 500 as well as fixed income investments, the fund re-balances its portfolio on a monthly basis to match market conditions.
This strategy is designed to allay the anxieties of investors intent on avoiding market pitfalls. "The Strategic Allocation Fund re-evaluates its asset allocation every
month, so it can take a lot of the psychological pressure off investors who may worry whether or not they are in the market at the right time," Ugolyn said.
Strategic Allocation is Enterprises second timer fund. Its Managed Fund, which is sub-advised by Wellington Management and Sanford C. Bernstein & Co., offers constant asset class adjustment with a broader mandate than the new fund.
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Money Management Executive
