WEST PALM BEACH, FL (HEDGECO.NET) – Charles Schwab US Trust Company and US Trust Company have announced plans to launch an equity fund. The proposed fund, an equity core fund seeks to provideinvestors in the fund with a total return through long term capital appreciation. The filling was made with the US Securities and Exchange Commission�s office.
The new equity core fund as the name suggests would focus on undervalued stocks of US companies, with growth potentials. Fund managers and Advisers of the new equity fund hopes to achieve diversification in the fund by investing on a broad spectrum of companies, and sectors particularly small to midsize companies which show some high growth inclination.
A team of managers would be making investment decisions for the new equity core fund, according to the filling papers. The new fund would charge 0.75% for management fees while fees for other expenses would be in the 0.47% range.
No minimum investment limits have been established for institutional investors the statement added, it is however unclear if such would be the case for individual investors. The Schwab unit and US Trust Company are both based in Oaks Pennsylvania
Paul Oranika
Editor-in-Chief
Hedgeco.net
