Members Capital Advisors
has realigned some of its funds as part of a string of moves aimed at boosting portfolio returns.
In a news release, the Madison, Wisconsin-based firm said it also made changes in its investment management strategy and recruited new fund managers to its lineup.
"Our goal is to provide a strong, competitive fund family," said David Marks
, president of Members Capital Advisors and chief investment officer of CUNA Mutual Group
To reflect the realignment, the Capital Appreciation Fund
now bears the name Large Cap Growth Fund
, the Growth and Income Fund
is now Large Cap Value Fund
, the Mid Cap Fund
is now Mid Cap Value Fund
, and the Multi Cap Growth Fund
is now Mid Cap Growth Fund
"Together, the funds offer exposure to the full Morningstar-style box," Marks said.
The changes took effect Tuesday, according to a company spokesperson.
The names of the five remaining funds in the firmís nine-fund roster remain unchanged.
Company officials said fund managers have been realigned to enhance responsibility and accountability for each portfolio. From a team approach, the firm has moved towards a single portfolio manager strategy.
Larry Halverson, CFA
, senior vice president of Members Capital Advisors, said the firm has added five fund managers over the last 18 months, two of whom came onboard in the last two months.
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