Members Capital Advisors has realigned some of its funds as part of a string of moves aimed at boosting portfolio returns.
In a news release, the Madison, Wisconsin-based firm said it also made changes in its investment management strategy and recruited new fund managers to its lineup.
"Our goal is to provide a strong, competitive fund family," said
David Marks, president of Members Capital Advisors and chief investment officer of
CUNA Mutual Group.
To reflect the realignment, the
Capital Appreciation Fund now bears the name
Large Cap Growth Fund, the
Growth and Income Fund is now
Large Cap Value Fund, the
Mid Cap Fund is now
Mid Cap Value Fund, and the
Multi Cap Growth Fund is now
Mid Cap Growth Fund.
"Together, the funds offer exposure to the full Morningstar-style box," Marks said.
The changes took effect Tuesday, according to a company spokesperson.
The names of the five remaining funds in the firm’s nine-fund roster remain unchanged.
Company officials said fund managers have been realigned to enhance responsibility and accountability for each portfolio. From a team approach, the firm has moved towards a single portfolio manager strategy.
Larry Halverson, CFA, senior vice president of Members Capital Advisors, said the firm has added five fund managers over the last 18 months, two of whom came onboard in the last two months. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE