American Independence Large Cap Growth Fund Brings Louis Navellier's Flagship Equity Strategy to Mutual Fund Investors

After Merger with FolioMetrix, It Will Be Third Risk X Investments Fund Subadvised by Navellier

Jul 14, 2015, 10:30 ET from American Independence Financial Services, LLC

NEW YORK, July 14, 2015 /PRNewswire/ -- American Independence Financial Services, LLC has launched the American Independence Large Cap Growth Fund (LGNIX, LGNAX, LGNCX), which will be subadvised by noted portfolio manager Louis Navellier. The new fund will offer the active management strategy that Mr. Navellier has used in a separately managed account (SMA) portfolio since 1998 in a mutual fund format.

"We are delighted to further expand our relationship with Navellier & Associates with the launch of this Fund," said John Pileggi, Managing Partner of American Independence. "In market environments such as the current one, advisors have shown a marked preference for actively managed strategies because in our view, they give their clients the potential to outperform the indexes in ways that a passive approach just can't. Louis has an impressive track record and is one of the most respected managers working in this space. We are honored to be his exclusive mutual fund partner."

The American Independence Large Cap Growth Fund will use Navellier's highly disciplined, quantitative and fundamental processes to identify inefficiently priced large cap growth stocks with superior fundamentals relative to the underlying market and the potential for long-term capital appreciation. In addition to identifying stocks with superior reward/risk (risk-adjusted return) characteristics, the investment process seeks to identify stocks that have superior earnings, revenue and profit margin expansion relative to the general market.

"I'm proud of the absolute return and especially the risk-adjusted returns we have been able to achieve for our investors by implementing this strategy over the last 16 years. We believe our investment process takes the emotions out of buying and selling stocks and we are glad to continue providing this opportunity to investors who prefer the transparency and liquidity of mutual funds," said Louis Navellier, Chief Investment Officer of Navellier & Associates. "I could not be more pleased to be working exclusively in this regard with American Independence and Risk X Investments, which is just one of the reasons we are seeding this Fund with family money."

A merger between American Independence Financial Services and FolioMetrix was announced earlier this year ( After its completion the new company, RiskX Investments, LLC, which will offer a broad array of risk-intelligent investment solutions. RiskX Investments will manage, post-merger, approximately $1.1 billion in funds and separately managed accounts, comprised of the American Independence Funds (single-manager sub-advised funds and separately managed accounts) and the FolioMetrix Rx Fund Series (multi-strategy tactical mutual funds). The roster will include, in addition to the American Independence Large Cap Growth Fund, two other funds subadvised by Navellier -- the Rx Fundamental Growth Fund (FMFGX) and the American Independence International Alpha Strategies Fund (IMSSX).

About American Independence

American Independence is an investment advisory firm registered with the SEC providing professional, actively managed investment advisory services to 10 American Independence Funds, as well as separately managed accounts, aggregating approximately $800 million in assets under management as of June 30, 2015. The firm management team is comprised of industry leaders with over 25 years of average industry tenure. To learn more about American Independence, visit

Important Disclosures

Investing in the Funds involves risk including the loss of principal. Equity securities are more volatile and carry more risk than other forms of investments. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. There is no assurance that the Funds, or the underlying ETFs the Funds may utilize, will achieve their objectives.

Large-Cap Securities Risk. Stocks of large companies as a group can fall out of favor with the market, causing the Fund to underperform investments that have a greater focus on mid-cap or small-cap stocks. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.

Growth Stock RiskIf growth companies do not increase their earnings at a rate expected by investors, the market price of the stock may decline significantly, even if earnings show an absolute increase. Growth company stocks also typically lack the dividend yield that can lessen price declines in market downturns.

New Fund Risk.  There can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees or the Adviser may determine to liquidate the Fund.  The liquidation can be initiated by the Board of Trustees without a shareholder vote and, while shareholder interests will be the paramount consideration, the timing of any liquidation may not be favorable to certain individual shareholders. 

Foreign Securities Risk. To the extent the Fund invests in depositary receipts, such investments are subject to additional risks including political and economic risks, greater volatility, currency fluctuations, higher transactions costs, delayed settlements, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.

For more complete information on the American Independence Funds, you can obtain a prospectus containing complete information for the Funds by calling 866.410.2006 or by visiting You should consider the Fund's investment objectives, risks, charges, and expenses, carefully before you invest or send money. Information about these and other important subjects is in the Fund's prospectus. The prospectus and, if available, the summary prospectus should be read carefully before investing.

For a complete list of fund risks, please see the prospectuses.

Shares of the American Independence Funds are distributed by Matrix Capital Group, Inc., which is not affiliated with American Independence Financial Services, LLC or FolioMetrix LLC.



Erin Hershkowitz


(973) 647-4177


SOURCE American Independence Financial Services, LLC