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Published on: 3/11/2003
Last Visited: 3/11/2003
Baker 500 Launches New Large Cap Mutual Fund
Investment Strategy Places Baker in Top 1% of Large Cap Performers for Past 5 Years
MINNEAPOLIS, March 11 /PRNewswire/ -- Baker 500 today announced the launch of its new mutual fund, the Baker 500 Growth Fund, said Ed Baker, the company's founding partner and the fund's portfolio manager.The Baker 500 Growth fund (BFHSX, BFHIX) seeks long-term capital growth and appreciation by investing in a focused portfolio of large, high-quality, multi-national companies whose stocks demonstrate earnings, acceleration and sustainable growth.It will offer the same Baker 500 Investment Process-used in other Baker investment products-that has beaten the S&P 500 Index for the past five years.Since the beginning of 1998, that process has generated an annualized return of +20.3 percent versus the -0.59 percent return of its benchmark, the S&P 500 Index.This record of performance would place Baker 500 among the top one percent of equity investment managers and mutual funds.Ed Baker said he believes that Baker 500's peer-group and index-beating returns should continue, based on his investment process and his approach of preserving capital in down markets."I look for long-term investment trends and themes," he said."With large companies, it's also important to consider long-term economic and demographic considerations.Historically, large-cap companies lead us out of the bear market."Baker 500 Growth Fund is available through investment professionals.To find out how to purchase shares, contact PFCP Distributors at 1-866-253-8244 between 8 a.m. and 5 p.m. Eastern Time.
About the Baker 500 Company Baker 500 is an asset management firm founded by Ed Baker in 1999.The company's goal is to consistently provide its clients performance that exceeds the market in all conditions.All Baker 500 investments seek index-beating performance and capital appreciation by continually looking for the best managed companies in the fastest-growing industries of the S&P 500 Index.The company's traditional investment products hold securities that demonstrate dramatic earnings acceleration and sustainable growth.In addition to the Baker 500 Growth Fund, products include the Baker 500 Growth Portfolio and the Baker Elite Portfolios (Conservative, Moderate, Aggressive).The company also offers alternative investments in its hedge fund.
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Prior to founding Baker 500, Ed Baker, BA, MBA, CTFA, served as CEO and chief investment officer for Piper Jaffray Trust, a billion dollar trust/investment company.He was also chairman and CEO of Piper Trust Funds Inc., a mutual funds company.Ed Baker has also served as senior vice president for international investment advisor AIB Govett and senior vice president for Wells Fargo Bank.
SOURCE Baker 500 LLC
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