Delaware Investments continues to reconfigure its fund offerings. The firm is rolling out a new small cap value fund less than six months after liquidating a merging other offerings. Delaware has more than $16 billion in fund assets.

The Philadelphia-based firm merged nine funds and liquidated three last spring. Those moves were made in response to an acquisition and difficulties some of the products had in gathering assets. At the time, a spokesperson stated that the firm was looking into adding more funds.

The value objective pursued by the new offering should come as no surprise to those following market trends. Delaware explained that Delaware International Small Cap Value Fund is intended to fill out its roster of products.

"This fund gives investors seeking capital appreciation opportunities to invest in small companies in markets such as the United Kingdom, Japan, France and Australia," said Karina J. Istvan, senior vice president, Retail Investor Services. "This fund is another way for investors to take advantage of Delaware's value investing expertise."

The fund will be managed by Clive A. Gillmore and Gavin A. Hall.

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