Edina, Minn.-based Kopp Funds announced the launch of a new fund, The Kopp Total Quality Management Fund. The fund, which will focus on the S&P 500 and its "core universe of companies," grades each company in the index based on its demonstrated commitment to total quality management and then ranks it against its peers in its industry. The top 100 companies make up the new fund.
Kopp said the new fund offering will complement the Kopp Emerging Growth Fund, which was launched in 1997, because it offers "a large company focus to the flagship small company investments that have been the cornerstone of Kopp.
"Especially in todays world of investor sensitivity to quality management, our attention to finding quality people and organizations in which to invest is now applied to both small and large companies," said Lee Kopp, president of Kopp Investment Advisors. KIA was organized in 1990 and employs 33, while managing $1.7 billion in assets.