UMB Fund Services Welcomes W.P. Stewart & Co. Growth Fund into Investment Managers Series Trust
February 09 2010 - 8:30AM
Business Wire
UMB Fund Services, Inc. (“UMBFS”), a division of UMB Financial
Corporation (NASDAQ: UMBF), and Mutual Fund Administration
Corporation (“MFAC”) welcome the W.P. Stewart & Co. Growth Fund
to the Investment Managers Series Trust (“IMST”). The W.P. Stewart
& Co. Growth Fund officially became a part of the IMST in
December 2009.
The W.P. Stewart & Co. Growth Fund (“WPSGX”) is an open-end,
non-diversified management investment company that seeks to provide
capital gains for its shareholders by primarily investing in a
select number of high-quality, growing U.S. companies. The fund’s
Advisor, W.P. Stewart & Co., Inc. (“WPS Inc.”), believes that
investment returns follow earnings over time and thus focuses its
investment research on companies it believes can predictably and
sustainably grow earnings.
"We take great pride in our ability to provide funds like WPSGX
with solutions that both reduce costs and enhance their
capabilities," said John Zader, CEO of UMBFS and president of the
IMST. "We are pleased the W.P. Stewart & Co. Growth Fund is now
a part of the IMST, and we look forward to serving its current and
future shareholders."
Mark Phelps, CEO of W.P. Stewart & Co., Ltd., the parent
company of WPS Inc., said, "We are pleased to be partnered with
UMBFS and MFAC, leading mutual fund service providers, as we focus
on the dual goals of expanding WPSGX’s availability on bank and
brokerage platforms and operating the fund more efficiently.”
The IMST offers a simple, cost-efficient means of operating a
mutual fund. By allowing many independent funds to share certain
fixed administrative costs and jointly negotiate rates for routine
legal and tax services, the IMST attempts to reduce the expenses
each fund would otherwise incur if managing a stand-alone mutual
fund.
About UMB Fund Services
Headquartered in Milwaukee, Wis., UMB Fund Services offers a
complete line of products and services to the fund industry,
including administration and fund accounting, alternative
investment services, investor services and transfer agency,
marketing and distribution, custody and cash management. It
currently serves more than 160 clients with combined assets of more
than $160 billion. UMB Financial Corporation, the parent company of
UMBFS and UMB Bank, n.a., is a $10 billion financial services
holding company headquartered in Kansas City, Mo.
About Mutual Fund Administration Corp.
Mutual Fund Administration Corporation (MFAC) is a mutual fund
administration services company specializing in fund formation and
administration services. The Principals at MFAC have provided
hands-on fund administration services to well over 100 mutual funds
since 1990, including three successful multiple-series trusts
composed of approximately 50 separate funds. In addition, MFAC's
experienced staff has well over 20 years’ average experience
organizing and managing successful mutual funds.
About W.P. Stewart & Co., Ltd. (“Firm”)
W.P. Stewart & Co., Ltd. is an asset management company that
has provided research-intensive equity management services to
retail and institutional clients throughout the world since 1975.
January 2010 marked the Firm’s 35th anniversary. Since its
inception in 1994, the W.P. Stewart & Co. Growth Fund has been
managed by W.P. Stewart & Co., Inc., a subsidiary of the
Firm.
The Firm is headquartered in Hamilton, Bermuda, and has
additional operations or affiliates in the United States and
Europe. The Firm's shares are listed for trading on the Bermuda
Stock Exchange (BSX:WPS) and are currently traded in the U.S. on
the Pink Sheets (Pink Sheets:WPSLF). As of December 31, 2009, the
Firm managed $1.6 billion of assets.
For more information, please visit the Firm's website at
www.wpstewart.com.
You should consider the W.P. Stewart & Co. Growth Fund’s
investment objectives, risks, charges and expenses carefully before
investing. For a prospectus, which contains this and other
information about WPSGX, call (888) 881-8803 or go online at
www.wpstewart.com. Please read it carefully before investing.
The W.P. Stewart & Co. Growth Fund is distributed by Grand
Distribution Services, LLC.
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