SALT LAKE CITY, Sept. 9, 2020 /PRNewswire-PRWeb/ -- Summit Global
Investments, LLC (SGI) today announced that it has launched three
new funds that were effective June 8,
2020. The three funds, SGI Peak Growth Fund (Ticker: SGPKX),
SGI Prudent Growth Fund (Ticker: SGPGX), and the SGI Conservative
Fund (Ticker: SGCIX) were launched with the goal of expanding SGI's
core "Managed Risk Approach" ™ to a wider variety of strategies.
The Funds will be housed with their current series trust provider,
The RBB Fund, Inc.
Summit Global Investment's "Managed Risk Approach"™ is the core
philosophy at the firm, combining Risk, Return, and Impact of their
client's assets. Their belief has evolved over decades of research
and continuous revisions to understand and potentially exploit what
reduces risk, avoids pitfalls and elevated idiosyncratic risks, and
drive market returns. For more information see
http://www.sgiam.com.
"We have been very pleased with the reception of our funds and
investment philosophy," said Dave
Harden, Lead Portfolio Manager and President of Summit
Global Investments, "This is the next step in making our investment
management more accessible to other channels, specifically the
401k market."
Each fund will invest in securities of affiliated and
unaffiliated open-end mutual funds and exchange-traded funds
("ETFs") across six categories, with varying levels of risk. The
SGI Peak Growth Fund invests primarily in Funds focusing on
domestic equities and large capitalization foreign equities. The
SGI Prudent Growth Fund favors Funds of domestic equity. The SGI
Conservative Fund prefers Funds of investment grade bonds, with
lesser amounts in other categories.
All three funds will be administered by the RBB Fund, Inc.
Series Trust, whose lower cost and higher service levels allow
SGI's team to focus on running their portfolios and servicing their
clients. The three funds are now available in one share class with
a minimum initial investment requirement of $1,000 at both Schwab and Fidelity.
"We are thrilled to work with Summit on their latest endeavor,"
said RBB Chairman Arnold Reichman.
"They've been wonderful partners and we will continue to streamline
the governance, so they can focus on seeking to deliver the best
risk adjusted returns for their clients."
About Summit Global Investments, LLC
Summit Global Investments, LLC is an SEC-registered investment
adviser. As an investment firm, Summit Global Investments is
employee-owned and operated by the managing partners. Summit Global
Investments is located in Salt Lake City,
Utah.
We are dedicated to managing equity strategies for investors
through our "Managed Risk Approach". Registered investment
advisors, institutional investors and retail investors are able to
access our expertise through a variety of avenues, from
institutional separate accounts, separately-managed accounts
(SMA/UMA) to mutual funds.
About The RBB Fund, Inc.
The first organized multiple series trust founded in 1988, The RBB
Fund, Inc is a registered open-end investment company organized as
a series trust under Maryland law.
RBB is a turnkey solution which permits the advisor to focus on its
core competency of asset management and shifts responsibility for
the establishment, servicing, and corporate governance of funds to
RBB. Today, RBB oversees approximately $15
billion in assets, supporting nine unaffiliated advisors,
over 15 unaffiliated sub-advisors, and over 30 mutual fund or ETF
offerings. For more information, please go to
http://www.rbbfund.com.
Mutual fund investing involves risk. Principal loss is possible.
Please see each Fund's prospectus for additional risks associated
with investing in the Funds.
The Funds' investment objectives, risks, charges, and expenses
must be considered carefully before investing. The prospectus
contains this and other important information about the investment
companies. A hard copy may be obtained by calling 888-251-4847.
Read the prospectus carefully before investing.
The Funds are distributed by Quasar Distributors, LLC.
SOURCE Summit Global Investments