MutualFundWire.com: Leeb Rolls Out its Second Mutual Fund
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Thursday, September 08, 2011|
Leeb Rolls Out its Second Mutual Fund
Leeb Capital Management has launched its second mutual fund. The New York City-based asset manager rolled out the Leeb Resources Fund, which aims to profit from the issues of peak oil, limited natural resources and devalued paper currencies. [prospectus]
The fund is available on platforms including Schwab, Fidelity and TD Ameritrade, said David Sandell, vice president and head trader.
| David Sandell|
Leeb Capital Management
VP and Head Trader
Demand prompted Leeb to offer the strategy in a mutual fund format.
Sandell said Leeb has seen demand from people who were interested in the separately managed account strategy but weren't able to meet the investment minimum.
Leeb launched its debut mutual fund, Leeb Focused Fund, at the end of 2006.
Company Press Release
Leeb Capital Management Launches The Leeb Resources Fund (LCMRX)
NEW YORK, Sep 08, 2011 -- Leeb Capital Management announces the launch of the Leeb Resources Fund (LCMRX), a new mutual fund that seeks to profit from the issues of peak oil, limited natural resources, and devalued paper currencies. The new fund joins the Leeb Focus Fund (LCMFX) under the firm's management.
The world's newly industrializing economies, especially those of China, India, and Brazil, have placed unprecedented demand on the production of oil, coal, industrial metals, and even fertilizer. Post-industrial nations are increasing the strain with alternative-energy initiatives that require vast amounts of specialized inputs like silver and rare earth minerals.
At the same time, paper currencies -- including the US dollar, the world's reserve currency -- have lost value, as governments seek to ease the effects of the recent financial crisis and accommodate what may be permanently rising resource costs. Political and economic volatility have also sharpened eagerness for investment safe havens. These two developments have heightened demand for precious metals as a store of value.
The Leeb Resources Fund generates its investment universe from these realities. It focuses on components of the S&P 500 GICS Energy Sector Index and the Philadelphia Gold and Silver Index, and then adds additional stocks that satisfy various criteria, including industry dominance, strong management, and attractive projected earnings and production growth rates. Companies must have a market capitalization of more than $250 million and operate in an addressable market that fits the Fund's "peak resources" objectives.
The Fund is managed by an Investment Committee which combines a top-down macro overlay with bottom-up fundamental analysis including dominance, competitiveness, growth, quality, management and valuation in making portfolio investments. The committee's members are Stephen Leeb, Ph.D., David Sandell, CFA, Genia Turanova, CFA, and Gregory Dorsey. The minimum initial investment is $1,000 for non-taxable accounts, and $2,500 for taxable accounts. Shares will have a 1.10% management fee, and are subject to a front-end sales fee unless waived at selected brokers.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-866-400-LEEB (5332) or visiting www.leebfunds.com . Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
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