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Article Excerpt
Business Editors
RYE, N.Y.--(BUSINESS WIRE)--March 26, 2003
Gabelli Funds, LLC (Adviser) and Ned Davis Research, Inc. (Sub-Adviser) are pleased to announce the filing with the SEC of the Ned Davis Research Asset Allocation Fund, the initial series under the Ned Davis Research Funds.
The Ned Davis Research Allocation Fund is a diversified, registered investment company, whose proprietary quantitative asset allocation, stock selection and bond duration methodologies seek to beat a weighted composite benchmark consisting of 60% in the S&P 500 Index and 40% in the Lehman Long Term U.S. Government Bond Index, while controlling overall portfolio risk. The Fund's primary investment objective is long term capital appreciation, and secondarily, current income.
The Fund will follow a flexible asset allocation strategy by investing in different asset class mixes of stocks, bonds, and...
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