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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 29, 2003 at 08:00 PM
May 28, 2003 — The Armada Small Cap Value Fund/A (AMRRX) will be closed to new investors Friday to keep its assets from increasing to the point where they would hurt performance.
By closing the fund, its managers expect to slow the flow of money into the portfolio, and prevent its asset base “from becoming a hindrance” to performance, Armada Funds said in a regulatory filing.
The fund’s retail A, B and H shares, which will stop accepting new investors, have about $154.6 million in total assets.
This year through April, the fund was up 1.9%, versus, a gain of 2.9% for the average small-cap value fund. For the five years ended last month, Armada Small Cap Value returned an average annualized 6.1%, versus 1.4% for its peers.
The portfolio is ranked 4 Stars by Standard & Poor’s.
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