Motley Fool Asset Management announced Wednesday that it has launched Motley Fool Great America Fund as a follow-up to its Motley Fool Independence Fund.
While the Independence Fund invests in both domestic and international companies, the Motley Fool Great America Fund seeks to fill “what is often a crucial hole in U.S. investors’ stock portfolios by focusing on lightly followed U.S. companies that may offer real value opportunities for patient, long-term stock investors,” the Alexandria, Va.-based asset manager said in a news release.
The Independence Fund, which was Motley Fool Asset Management’s first mutual fund was launched in 2009 and attracted nearly $100 million in its first year, and roughly six months later, Motley Fool Asset Management grew to $200 million in assets, according to the release.