Munder Capital Management
, investment advisor to The Munder Fund
s, is closing of The Munder NetNet Fund
to new accounts on April 17. Only NetNet Fund shareholders will be able to add to their existing accounts after April 17.
"We are confident the Internet sector will continue to provide significant growth potential, but have decided to close the NetNet fund while it is still comfortably-sized to capitalize on Internet-related investment opportunities," said James Robinson
, Munder Capital's ceo.
The fund invests in companies engaged in research, design, development, and manufacturing activities related to Internet technologies, as well as companies significantly involved in the business of distributing products, processes, or services for or through the Internet.
Applications for new Munder NetNet Fund accounts (including Transfers of Assets) will only be accepted for investment if entered by a financial advisor or postmarked by April 17. Subsequent investments in existing NetNet accounts will continue to be honored, provided they maintain their position in The NetNet Fund.
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