White-Miller Associates to Close White-Miller Associates Small Cap Value Fund (Retail and Advisor Share Classes) to New Accounts
Online, August 27, 2013 (Newswire.com) - White-Miller Associates today announced that it is closing White-Miller Associates Small Cap Value Fund (retail and Advisor share classes) to new accounts. Because of the close of business new purchases in the fund will be limited to existing shareholders.
White-Miller Associates Small Cap Value Fund seeks capital appreciation by normally investing at least 80% of its assets in securities of companies with small market capitalizations and using fundamental analysis to identify companies that management believes are undervalued in the marketplace. The fund, which is co-managed by Jimmy Cherng and Andrew Chiang, has $200 millions in assets under management.
"Small Cap Value Fund has experienced a steadily growing asset base and more recently strengthening investor cash flows," said Jen-Hsun Lee, president of White-Miller Associates'. "We've analyzed the situation closely, and believe that it's in the interests of shareholders to close the fund to new investors at this time. We believe closing the fund will give Jimmy and Andrew an opportunity to build upon the fund's long-term performance track record."
After the closing of the fund investors generally will not be able to open new accounts in the fund. However, existing shareholders who are invested in the fund will continue to be able to add to their accounts. Employer-sponsored retirement plans and certain discretionary programs offered by registered investment advisors may be able to open additional accounts for investors if the fund was established as an option.
For investors considering investing in a small cap fund, White-Miller Associates offers several additional options, including: White-Miller Associates Stock Selector Small Cap Fund (retail and Advisor share classes); White-Miller Associates Small Cap Stock Fund; White-Miller Associates Advisor Small Cap Fund; White-Miller Associates Small Cap Growth Fund (retail and Advisor share classes); and White-Miller Associates Small Cap Enhanced Index Fund.
About White-Miller Associates
White-Miller Associates is a young financial advisor, a prodigy on the world markets, founded by highly experienced professionals coming from the world largest financial companies. White-Miller Associates offers more than just financial services - we offer solutions to our customers. Our advice is based on continuous market research and the analysis performed by the most experienced minds in our team. We offer strategic planning advice that can help our clients better manage their company's financial affairs.