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Rating:Jersey Shop Launches Two Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 05, 2013

Jersey Shop Launches Two Funds

Reported by Tommy Fernandez

WBI Investments [profile] has launched two new absolute return mutual funds, the WBI Absolute Return Balanced Plus Fund and the WBI Absolute Return Dividend Income Fund.

This brings the firm's family of funds up to four.

ďWe are excited to make more of our absolute return strategies, previously available only to high net worth investors through our separately managed accounts program, more widely accessible through these new funds,Ē stated Don Schreiber, Jr., chief executive and founder at WBI.

Schreiber founded the firm in 1984, and Gary Stroik has been the firm's portfolio manager for the past 22 years.

The Balanced Plus Fund aims at earning current income and long-term capital appreciation, while also seeking to protect principal during unfavorable market conditions. Under normal market conditions, the Balanced Plus Fund will invest 25% (with a target of approximately 40% to 60%) of its net assets in the equity securities of domestic and foreign dividend-paying companies of any size market capitalization which the Advisor believes have the capacity to increase dividends over time.

The Dividend Income Fundís seeks long-term capital appreciation and current income. Under normal market conditions, the Dividend Income Fund will invest at least 80% of its net assets (including any borrowings for investment purpose) in dividend-paying equity securities of foreign and domestic companies.

Here is the press release:
Company Press Release

Funds Mimic SMA Strategy; Don Schreiber, Jr., CEO and Founder, Co-Manager and Gary E. Stroik, VP and Firmís Portfolio Manager, Lead-Manager



† Little Silver, NJ Ė June 25, 2013 Ė WBI Investments, Inc. ô (WBI) today announced the launch of two additional mutual funds, the WBI Absolute Return Balanced Plus Fund (No Load Shares: WBPNX, Institutional Shares: WBBPX)and the WBI Absolute Return Dividend Income Fund (No Load Shares: WBDNX, Institutional Shares: WBDIX), said Don Schreiber, Jr., CFPô, CEO and Founder.† This brings the fund family to four funds. The funds were effective June 17, 2013 and can begin accepting shareholders.

According to Mr. Schreiber, this is an effort to expand the mutual fund offerings that utilize the same strategy and methodology developed over the firmís 20 years of experience managing absolute return separate account portfolios. ďWe are excited to make more of our absolute return strategies, previously available only to high net worth investors through our separately managed accounts program, more widely accessible through these new funds.Ē

Mr. Schreiber, who is also co-author of the book, All About Dividend Investing, will serve as co-portfolio manager for the funds, while Gary E. Stroik, Vice President and Portfolio Manager for WBI Investments and his co-author, will serve as lead manager for the funds.† Mr. Schreiber founded the firm in 1984 and Mr. Stroik has been the portfolio manager for the firm for the last 22 years.

The Balanced Plus Fundís investment objectives are to seek current income and long-term capital appreciation, while also seeking to protect principal during unfavorable market conditions. Under normal market conditions, the Balanced Plus Fund will invest 25% (with a target of approximately 40% to 60%) of its net assets in the equity securities of domestic and foreign dividend-paying companies of any size market capitalization which the Advisor believes have the capacity to increase dividends over time, and at least 25% (with a target of approximately 40% to 50%) of its net assets in domestic and foreign fixed income securities. Approximately 10% of the Fundís net assets may be invested in non-dividend paying equities and/or in option strategies to enhance the Fundís returns or to mitigate risk and volatility. The Fund may also invest in cash or cash equivalents as part of the normal operation of its investment process.

The Dividend Income Fundís investment objective is to seek long-term capital appreciation and current income. Under normal market conditions, the Dividend Income Fund will invest at least 80% of its net assets (including any borrowings for investment purpose) in dividend-paying equity securities of foreign and domestic companies. Up to 20% of the Fundís net assets may be invested in non-dividend paying equities, domestic and foreign fixed income securities, exchange-traded funds (ďETFsĒ), exchange-traded notes (ďETNsĒ), and/or option strategies to enhance the Fundís returns or to mitigate risk and volatility. The Fund may also invest in cash or cash equivalents as part of the normal operation of its investment process.

Each Fund uses quantitative computer screening of fundamental stock information to evaluate domestic and foreign securities in an attempt to find the best value and dividend opportunities worldwide.† Once securities are identified, an overlay of technical analysis confirms timeliness of security purchases.† A buy discipline systematically adds qualifying securities within the Fundís target allocations.† A strict sell discipline with a dynamic stop loss and goal setting process attempts to control the effects of the volatility of each invested position on the Fundís value.† This results in a responsive process that actively adjusts the Fundís allocation by causing it to become more fully invested or by raising cash to protect capital, and is an example of what WBI means by a risk-managed investment approach. At the discretion of the Advisor, the Fund may invest its assets in cash, cash equivalents, and high-quality, short-term debt securities and money market instruments for temporary defensive purposes in response to adverse market, economic or political conditions.

About WBI Investments

Since the introduction of WBIís first risk-managed absolute return portfolio in 1992, our focus on value, dividends, and risk management has become fundamental to our investment process. While many investment managers attempt to perform well relative to a fluctuating market index or benchmark, WBIís risk-managed investment approach attempts to provide consistent, attractive returns with potentially less volatility and risk to capital than traditional approaches, whatever market conditions may be.† We call this an absolute return approach to investment management.††††††††††††††††††††††††††††††††††††††††††††††††††
 

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