A new mutual fund plans to combine two previously independent investing strategies- momentum investing and sector funds.
T.O. Richardson Co., a Farmington, Conn. investment advisory firm, is offering an aggressive growth fund which rotates its assets among more than 50 sectors based on the projected investment performance of the sectors. Unlike traditional sector funds, which stay within a particular investment category such as financial services or technology, the T.O. Richardson Sector Rotation Fund will invest assets in whatever sectors are likely to prosper. The fund can invest in more than one sector at a time.