Little Silver, NJ-based WBI Investments has added two mutual funds to its lineup: the WBI Absolute Return Balanced Plus Fund (WBPNX, WBBPX) and the WBI Absolute Return Dividend Income Fund (WBDNX, WBDIX), bringing the fund family to four funds.
The Balanced Plus Fund will bet domestic and foreign equities of any size market capitalization while the Dividend Income Fund bets on dividend-paying equity securities of foreign and domestic companies.
Don Schreiber, chief executive officer and founder of the firm, will serve as co-portfolio manager for the funds along with Gary Stroik, vice president and portfolio manager. Schreiber founded the firm in 1984 and Stroik has been the portfolio manager for the firm for the last 22 years.
“We are excited to make more of our absolute return strategies, previously available only to high net worth investors through our separately managed accounts program, more widely accessible through these new funds,” stated Schreiber.