Albany-Schenectady-Troy, NY (1888PressRelease)
February 03, 2009 - The Navigator Fund (NAVFX), which recently earned five stars from Morningstar and the distinction of Lipper Leader for Preservation of Assets from Lipper Fund Services, announced that it will be changing its name to the ETF Market Opportunity Fund. The new symbol for the ETF Market Opportunity Fund will be ETFOX.
ETFOX, launched in early 2004, has a beta of 0.75 and has bested the S&P 500 by more than 3% a year, after management fees, since inception. At least 80% of the fund is invested in ETFs, and while the fund can employ both small cap equity and cash equivalents, it has been classified as “Large Growth” by Morningstar.
Fund manager Paul Frank utilizes both a mathematical model, based on the Sharpe ratio and Modern Portfolio Theory, and a “fundamental filter” to minimize both security specific risk and systematic risk. Frank has managed the day to day operations and portfolio composition of the fund since inception on April 30, 2004.
More information and a prospectus is available at http://www.etfmutualfund.com/
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