Brings Total Mutual Fund Offerings to 41
USAA Investments today launched its first purely value-oriented fund, the company's 41st offering since it began offering funds 20 years ago.
The USAA Value Fund brings value investing into a growth-weighted fund family, broadening investing options to suit all market conditions, the company said.
'The USAA Value Fund is rooted in our stringent portfolio management philosophy and, more importantly, our belief in sensible and prudent asset allocation during all market conditions,' said Christopher Claus, president of USAA Investments, in a statement.
Timothy Beyer, the fund's portfolio manager, also serves as equity portfolio manager and asset allocation manager for the USAA Balanced Strategy Fund.