WBI Absolute-Return Funds Now Available on Pershing Fund Vest

WBI Investments Inc.'s two mutual funds are now available on Pershing Fund Vest and will soon be available on other platforms, WBI CEO and founder Don Schreiber Jr. announced Thursday.

The WBI Absolute Return Balanced Fund (no load shares: WBADX, institutional shares: WBBAX) and the WBI Absolute Return Dividend Growth Fund (no load shares: WBIDX, institutional shares: WBDGX) became effective Dec. 29, 2010 and have begun accepting shareholders.

WBI founder and CEO Don Schreiber Jr. "We are pleased that the WBI Funds are now available through Pershing Fund Vest and will be making them available on other platforms shortly," said Schreiber (left), who is also co-author of the book All About Dividend Investing.

The absolute-return mutual funds for individuals and institutional investors mimic financial strategies originally developed for the firm's high net worth clients.

Based in Little Silver, N.J., WBI was founded in 1984 and introduced its first risk-managed absolute return portfolio in 1992. The strategy for the new WBI funds is based on objectives developed over the firm's 18 years of experience managing absolute return separately managed account (SMA) portfolios.

The WBI Absolute Return Balanced Fund account minimum for no load shares is $2,500 for a regular account and $1,000 for retirement accounts. For institutional shares the account minimum is $250,000. The WBI Absolute Return Dividend Growth Fund account minimum for no load shares is $2500 for a regular account and $1000 for retirement accounts. For institutional shares the account minimum is $250,000.

Read "WBI Launches 2 Absolute Return Funds That Mimic SMA Strategy" at AdvisorOne.com.

WBI Absolute-Return Funds Now Available on Pershing Fund Vest

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WBI Absolute-Return Funds Now Available on Pershing Fund Vest

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