Munder Capital Management, investment advisor to The Munder Funds, has launched the Munder Integrity Mid-Cap Value Fund and Munder Integrity Small/Mid-Cap Value Fund, both of which opened to investors on 1 July 1 and are sub-advised by Munder Capital subsidiary Integrity Asset Management.
Munder Capital acquired Ohio-based Integrity Asset Management earlier this year. The firm, which had USD3.7 billion in assets under management as of March 31, has demonstrated expertise in value investing, focusing on prudently valued or undervalued companies with improving investor sentiment.
"The portfolio management team at Integrity Asset Management has been recognized by the investment industry for the discipline of its value approach and for the success of its small and mid-cap strategies," says Jim FitzGerald (pictured), President and Chief Operating Officer of Munder Capital. "Munder’s launch of these two new funds allows us to help leverage their exceptional expertise, and provides a compelling expansion of our small- and mid-cap fund offerings.
"Integrity Asset is a boutique money management firm with an impressive record of providing superior investment results for institutional investors. Although they have successfully managed the Veracity Small-Cap Value Fund (VSCVX)* since 2004, financial advisors and 401(k) plans were previously unable to tap into Integrity’s skill and experience in the small/mid and mid-value space. They can now do so via these mutual funds offered by The Munder Funds."
The performance of the Munder Integrity Mid-Cap Value Fund [MAIMX] will be benchmarked against the Russell Midcap Value Index, while the Munder Integrity Small/Mid-Cap Value Fund [MAISX] will be benchmarked against the Russell 2500 Value Index.
