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The Markets December 4, 2006
Wilmington Trust Adds Fundamentally Weighted Funds to Lineup
Wilmington Trust has announced the addition of two new fundamentally weighted mutual funds to its lineup of domestic equity funds.
Reported by Rebecca Moore
According to the announcement, the Wilmington Fundamentally Weighted Large Company Fund and Wilmington Fundamentally Weighted Small Company Fund ascribe to an emerging investment approach, often referred to as fundamentally weighted index investing. This approach uses fundamental measures of a company’s size, such as net income, dividends, and free cash flow, to select securities.
The firm anticipates the Wilmington Fundamentally Weighted Large Company Fund will hold several hundred stocks included in the Russell 1000 Index, while the Wilmington Fundamentally Weighted Small Company Fund will hold stocks included in the Russell 2000 Index.
Fundamental weighting aims to avoid overexposure to overvalued securities and underexposure to undervalued securities, the announcement said.
More information can be found at www.wilmingtontrust.com.