KANSAS CITY, Mo., Jan. 6, 2014 /PRNewswire/ -- Nuance Investments, a classic value investment firm led by Scott A. Moore, CFA, a former senior portfolio manager at American Century Investments, today announced the launch of the Nuance Mid Cap Value Fund. The new fund offers institutional and investor share classes trading under the symbols NMVLX and NMAVX, respectively.
This is the second mutual fund offered by Nuance, which launched the Nuance Concentrated Value Fund in May 2011 (Tickers: NCVLX and NCAVX). Nuance also offers Concentrated Value Separate Accounts and Mid Cap Value Separate Accounts.
The new Nuance Mid Cap Value Fund mirrors the strategy and approach of the Mid Cap Value Separate Accounts and seeks long-term capital appreciation primarily through investments in equity securities that the investment team believes are high-quality though temporarily out of favor. Nuance selects securities for the fund's investment portfolio by using an extensive quantitative screening and fundamental research process that identifies leading businesses selling at a discount to fair value with the potential to generate above average returns over time.
"A key to our firm's track record to this point has always been our attention to detail and commitment to understanding as much as possible about each company we consider for inclusion in our portfolios," said Scott A. Moore, CFA, president and chief investment officer of Nuance. "With this new fund, we will continue to apply our in-depth process with a focus on seeking to provide superior risk-adjusted returns for our investors."
Moore, who founded Nuance Investments in 2008, has long committed to managing both Mid Cap Value and Concentrated Value as capacity-constrained strategies. As such, Nuance intends to close the Mid Cap Value Fund to future investment once it reaches a pre-determined asset level.
The fund was launched in collaboration with Montage Investments, Nuance's parent company. According to Gary P. Henson, CFA, CFP®, president and chief investment officer of Montage, "I am extremely pleased that Nuance has launched the Mid Cap Value Fund, as it opens the strategy to a much wider range of investors. Ultimately, the new fund helps us toward our goal of expanding the firm's distinct investments to meet the needs of advisors and their clients."
About Nuance Investments
Nuance Investments is a value investment firm that was formed on the belief that the ability to outperform the broad stock market is predicated on a consistent and disciplined value investing approach. The Nuance team's focus seeks to generate investment returns for clients by diligently reviewing one company at a time on its own investment merits.
About Montage Investments
Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed $18 billion as of September 30, 2013.
You should consider the fund's investment objectives, risks, charges and expenses carefully before investing. For a statutory or summary prospectus, that contains this and other information about the Funds, call 1-855-NUANCE3 (855-682-6233) or visit our website at www.nuanceinvestments.com. Please read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investments in small and mid-capitalization companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. The Nuance Concentrated Value Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
Nuance Investments, LLC is majority owned by Montage Investments, LLC. Nuance Investments is the advisor to the Nuance Concentrated Value Fund and the Nuance Mid Cap Value Fund which are distributed by Quasar Distributors, LLC.
SOURCE Nuance Investments