Nuance Investments has launched the Nuance Mid Cap Value Fund, which 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 (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 favour. 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," says Scott A Moore, 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.