Undiscovered Managers Introduces Two Funds
March 8, 1999
Undiscovered Managers Funds has expanded its roster of nine funds with two new international funds, the UM International Equity Fund and the UM International Small Cap Equity Fund. The investment objective of both funds is capital appreciation by investing in publicly traded stocks in Europe, Asia, Australia and New Zealand.
Mark Hurley, Undiscovered Managers' president, says he selected Unibank Securities as sub-advisor for both funds because its "returns have been driven primarily by stock and sector selection, not country selection. We believe such an approach to international investing is far more sustainable over the long run."