Posted: Fri Feb 28, 2014 2:14 pm Post subject: Southeast Asia Traders to Close SAT Small Cap Discovery Fund
Southeast Asia Traders to Close SAT Small Cap Discovery Fund to New Accounts
Released on: February 28, 2014, 9:42 am (EST)
Author: Southeast Asia Traders
Southeast Asia Traders today announced that it is closing SAT Small Cap Discovery Fund (SAT-SCRX) to new accounts. New purchases in the fund will be limited to existing shareholders.
Hong Kong, February 28, 2014 -- /EPR NETWORK/ -- SAT Small Cap Discovery Fund seeks long-term growth of capital by investing at least 80% of its assets in securities of companies with small market capitalizations. Mr. Ben Myers has managed the fund since its inception.
“Ben Myers has done an outstanding job managing SAT Small Cap Discovery Fund over his tenure,” said Russell Green, president of Southeast Asia Traders Equity Group. “As a result, investor inflows into the fund have accelerated and assets have nearly doubled over the past year to $1 billion.
“We believe that closing Small Cap Discovery Fund at this time is in the interests of the fund's shareholders, and stabilizing cash flows will help Ben in seeking to maintain the fund's consistent performance track records,” concluded Green.
Existing shareholders who are invested in the fund will continue to be able to add to their accounts. Employer-sponsored retirement plans and certain discretionary programs offered by registered investment advisors may be able to open additional accounts for investors if the fund was established as an option.
For investors considering a small cap fund, Southeast Asia Traders offers several additional options, including: Southeast Asia Traders Stock Selector Small Cap Fund (retail and Advisor share classes); Southeast Asia Traders Small Cap Value (retail and Advisor share classes); Southeast Asia Traders Small Cap Stock Fund; Southeast Asia Traders Advisor Small Cap Fund; Southeast Asia Traders Small Cap Growth Fund (retail and Advisor share classes); and Southeast Asia Traders Small Cap Enhanced Index Fund.
About Southeast Asia Traders
Southeast Asia Traders is a financial company dedicated to offering quality services to our clients. The main factor that sets us apart from our major competitors is the experience and intelligence of our people. Our team works as a very efficient system, putting their best qualities forth so that the services we provide are second best to none. The knowledge we obtain is used to offer our clients a multitude of investment options for their needs, up-to-date information about the market fluctuations and timely advice regarding underperforming assets in their portfolios.
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