Integrity Mutual Funds, a Minot, Tenn.-based mutual fund and financial services company, has launched a new free cash flow fund, the Integrity Growth & Income Fund.

The fund was launched in partnership with IPS Advisory of Knoxville, which will manage the fund on a sub-advisory basis.

In November, Integrity signed an agreement with IPS to acquire management rights to the IPS Millennium and New Frontier Funds. The two funds, with combined assets of $56 million, were merged into the new Growth & Income Fund on April 25.

The new fund will continue to invest in growing, well-run companies that are undervalued, as measured by free cash flow.

http://www.mmexecutive.com

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.