MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 8, 2000 Kelmoore Gets Passport Pix for New Fund The Kelmoore Investment Company , a Palo Alto company known for its covered option strategy, is launching a new fund on January 1. The Liberty Mutual Fund, with A- and C-class shares, employs the same strategy but also buys puts. This method is intended to create a more stable NAV while also producing monthly dividends, if only at half the level of the current funds. In April, the new fund will also be offered as a variable annuity through Fortis. Fortis recently opened VAs based on the Kelmoore Strategy and Eagle funds. Looking to the future, Kelmoore Strategic Trust president and portfolio manager Matthew Kelmon told MutualFundWire that the company plans to offer an offshore version of its flagship Strategy Fund in the first quarter of 2001. The fund will probably be administered out of Luxembourg. As for future products and strategies, Kelmoore will continue expanding its mutual fund business and raising the minimum on its privately managed accounts. Does Kelmon see the company taking a different tack for new funds in its line-up? "We'll be sticking to our strategy," said Kelmon. "We have zero strategy drift with a very conservative strategy." Printed from: MFWire.com/story.asp?s=26016 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |