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Babson Enterprise Fund Reopens To New Investors.



KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.--(BUSINESS WIRE)--July 28, 1999--

Jones & Babson, Inc., distributor of the Babson funds family, today announced it has reopened Babson Enterprise Fund to new investors for the first time in over seven years.

In making the announcement, Lance James Lance James is an American computer scientist, considered an expert on computer security techniques such as anti-phishing. He has been quoted on the subject in multiple media outlets, including CBC, CNN, the BBC, the David Lawrence Show, ZDNet, Wired News, CSO, , portfolio manager of Babson Enterprise Fund said, "We believe that current market conditions have created capacity in the small-cap value market, which have not existed for some time. The attractive valuations which exist in the small cap arena provide us with tremendous opportunities. We typically invest in companies that are neglected by Wall Street, with sound fundamentals and the potential for earnings acceleration."

Babson Enterprise Fund originally opened in December, 1983 and was closed in January, 1992 due to limited capacity. The decision to reopen the fund came on expectations that the vast valuation disparity between large cap and small cap stocks should narrow. Small cap stocks are currently trading close to their lowest valuations compared to large cap stocks in over two decades. As of June 30, 1999 the fund had over $155 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The fund seeks long-term growth of capital by investing principally in a diversified portfolio of common stocks of smaller, faster-growing companies.

"Strategically, reopening Reopening

Treasury offerings of additional amounts of outstanding issues, rather than an entirely new issue. A reopened issue will always have the same maturity date, CUSIP number, and interest rate as the original issue.
 Babson Enterprise Fund after many years of closure was the right thing to do considering the prospective shift to small caps See Small capital ," said Rui Moura, director of marketing at Jones & Babson. "We are ensuring our product line is poised for any major changes in the way people invest their money."

Jones & Babson is a subsidiary of Business Men's Assurance Company of America (BMA BMA British Medical Association. ), a Midwestern financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company. BMA is a member of the Generali Group of Trieste, Italy, a $70 billion company of the worldwide insurance and financial service providers.

Please call 1/800-422-2766 for a prospectus, which contains more complete information, including all annual charges and expenses.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 28, 1999
Words:312
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