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Tuesday, October 31, 2000

They're Back!

Reported by Sean Hanna, Editor in Chief

It's official. Nicholas-Applegate is back in the retail fund business. Enterprise Group of Funds has officially opened seven new retail funds subadvised by the San Diego-based investment management firm.

The new funds mark Nicholas-Applegate's return to the fund business after it sold off its own retail fund group to Pilgrim America.

Victor Ugolyn, chairman, president and chief executive of Enterprise said that the fir, is "pleased to be able to provide retail investors access once again to this distinguished investment firm."

With the addition of the seven new funds, Enterprise no offers a total of 26 funds, and increase of nine since last year.

The latest additions to the Enterprise group, subadvised by Nicholas-Applegate, are:

  • Enterprise Global Health Care Fund
  • Enterprise Large-Cap Fund
  • Enterprise Emerging Countries Fund
  • Enterprise International Core Growth Fund
  • Enterprise Mid-Cap Growth Fund
  • Enterprise Worldwide Growth Fund
  • Enterprise Convertible Securities Fund
     

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