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Golf Fund Adviser Will Offer Wireless Fund

The adviser to the Value Trend Links Fund is preparing to expand its fund lineup.

Value Trend Capital Management of El Cajon, Calif. is planning to offer the Wireless Fund, a fund that will invest at least 65 percent of its assets in the securities of companies that develop or distribute wireless products, according to a registration statement the fund filed with the SEC Jan. 14. The fund may invest in companies whose businesses include communication equipment, computer hardware and software and data networking, according to the registration statement.

In January 1999, Value Trend introduced the Links Fund, a fund investing in golf-related businesses. It also advises the Value Trend Large Cap Fund. Both funds have assets under management of approximately $1 million, said Jeffrey R. Provence. Provence, along with his father, Ross, is 50 percent owner of Value Trend. Jeffrey Provence said he expects to co-manage the Wireless Fund, but declined to provide further details, citing securities law prohibitions against making public comments when a fund is in registration.