Harbor Services Group has added a new global equity fund, Harbor Global Value Fund, to its lineup of no-load mutual funds.
The new fund will invest in stocks of U.S. and foreign companies that appear to be undervalued relative to their long-term earnings potential. Companies in the fund's portfolio will normally have market capitalizations in excess of $2 billion at the time of purchase.
Although the fund does not have pre-set targets for investment in any particular country or region, it is expected to invest in a minimum of five countries, one of which may be the U.S.
The Harbor Global Value Fund is managed by Pzena Investment Management, based in New York.