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Rating:Strong Gets A Lifestyle Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, January 07, 1999

Strong Gets A Lifestyle

Reported by Jason Shank

Strong Funds has announced the addition of five new mutual funds to its fund family. The Menomonee Falls, Wisconsin-based company is introducing two new stock funds and its first series of three lifestyle funds. This new series of funds will primarily target 401(k) and other retirement planning investors.

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The two new stock funds are being added to not only round out the company's fund offerings but also to take advantage of the proven track records of the fund managers. According to a company spokesperson, the expressed philosophy of the new funds will be well served by the strategy and strengths of the new fund managers.

  • The Strong Mid Cap Disciplined Fund (CUSIP-862916863) will concentrate at least 65% of the fund in mid-cap companies that appear overlooked and thus undervalued. The investment strategy of the fund is a good fit with the strategy of the new manager, Marina T. Carlson, previously the co-manager of the Strong Opportunity and Common Stock Funds, according to Strong.

  • The Strong U. S. Emerging Growth (CUSIP-862916855) will invest primarily in smaller, fast-growing companies that it's managers, Thomas L. Press and Donald M. Longlet, feel have demonstrable growth prospects. Mr. Press and Mr. Longlet, the founders of Next Century Growth Investors, LLC, an advisory firm formed at the same time as the new fund, have been hired after a successful stint at the Jundt U. S. Emerging Growth Fund.
The Life Stage Series Fund consists of three portfolios, varying in risk. They are the Strong Life Stage Series Fund-Conservative Portfolio (CUSIP-863351102), Strong Life Stage Series Fund-Moderate Portfolio (CUSIP-863351201), Strong Life Stage Series Fund-Aggressive Portfolio (CUSIP-863351300), is the first Strong entry into the growing lifestyle fund market, and appears to complement its existing fund family with an attractive option for long-term investors.

 

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