-Stadion Money Management launches new fund.
BANKING AND CREDIT NEWS-April 2, 2013--Stadion Money Management launches new fund(C)2013 M2 COMMUNICATIONS http://www.m2.com
2 April 2013 -- Georgia, USA-based alternative investment specialist Stadion Money Management said it has launched the Stadion Market Opportunity Fund.
According to Stadion, the fund was formed through the reorganization of Broadview Heights, Ohio-based Aviemore Funds' ETF Market Opportunity Fund, which launched in 2004.
The Aviemore Funds' board of trustees has approved the transfer of assets into the Stadion fund and the reorganization into the new Stadion fund. Paul M. Frank, portfolio manager of the ETF Market Opportunity Fund, joined Stadion as a senior portfolio manager.
Stadion said that the new fund is fully tactical and is designed to participate in market uptrends, with an offensive position of up to 100% equity ETFs, and mitigate downtrends, with up to 30% non-correlated ETFs.
The fund's mandate allows it to invest in broad market, sector/region and commodity ETFs. In contrast to Stadion's other ETF-based funds, which can move to fully defensive (all cash) positions, the Market Opportunity Fund will always maintain at least partial market exposure, Stadion said.
Find out more at www.stadionmoney.com.
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