The first no-load golf mutual fund teed off on January 4.

The Value Trend Links Fund, aimed at appealing to the high net worth retail investor, will invest in some 20 to 30 stocks associated with the golfing industry and sponsorships of major golfing events. The fund may also invest in golf-related REITs. Even a website exclusively dedicated to the fund is now operating at www.golfmutualfund.com.

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