The San Diego institutional investment advisory firm, Duncan-Hurst Capital Management Inc., has dipped its toe in the retail end of the marketplace with the introduction of two new mutual funds.

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Duncan-Hurst Funds

The Duncan-Hurst Large Cap Growth-20 Fund and the Duncan-Hurst Aggressive Growth Fund were both offered to investors on April 1, 1999. The funds presently have approximately $4.7 million in assets under management.

Going into the retail end of the business was "just a way to add product diversification," founder William "Beau" Duncan said. "We figured we could market both sides of the market through the website we just launched."

Duncan added that the website was a major factor in deciding to launch the retail mutual funds, which created a low cost way to reach the public without having to go through brokers. In addition to distribution through the website the funds are being sold through financial intermediaries.

The Large Cap Growth-20 Fund will be managed by David Magee, who also oversees the companies large capitalization institutional portfolios. This fund is a non-diversified portfolio seeking to provide investors with long-term capital growth investing primarily in common stocks of 20-30 domestic companies.

The Aggressive Growth Fund, managed by Duncan, will seek long term capital growth by investing in companies with a market cap between $500 million and $11 billion.

"We feel emerging growth stocks have been under performing the market since 1996," said Duncan, making this a good time to enter the market place in his opinion.

When investing, he looks for price and earnings momentum and a top down approach, or relative price strength that correlates with economic growth -- the company uses this same strategy for its $3 billion under management for institutional clients.

The company's mutual funds are available on a no-load basis and can be purchased at supermarkets such as Charles Schwab and Fidelity. The expense ratio for both funds is 1.48%. This includes a 0.25% 12b-1 fee.

Duncan-Hurst was founded in 1990. The group employs three analysts, traders, a quantitative group and one portfolio manager for each fund, totaling nine investment professionals.

 

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