Front Street rolls out three new funds

Front Street Capital has announced the launch of three new corporate class mutual funds, building on the company’s success of Front Street Capital’s popular non-indexed yield and equity solutions.

“These new funds will build on the track record of veteran Front Street Capital portfolio managers, and will provide core income and growth solutions for those looking for a broader selection in our corporate class line-up of funds,” said Gary Selke, CEO, Front Street Capital. “We are committed to providing access to our world-class portfolio managers, and are confident in their ability to deliver returns.”

The Front Street Growth and Income Fund offers investors moderate growth with a consistent quarterly payout, targeting an effective yield of 5% based on the fund’s initial price. Lead manager Prakash Hariharan will invest in the debt and equity of growth-oriented companies, use option-writing strategies, as well as a flexible global approach to achieve his balanced fund investment objective.

The Front Street Global Opportunities Fund will apply a growth-oriented, sector rotation approach to provide capital appreciation. Portfolio manager Frank Mersch will target companies who “win” and those poised to “lose” from technological improvements.

The Front Street Value Fund will apply a deep value, contrarian approach to providing capital appreciation, and is managed by Eric Dzuba.

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