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Products June 7, 2013
Neuberger Berman Unveils All-Cap Mutual Fund
The
Neuberger Berman Flexible Select Fund was debuted by Neuberger Berman. The
all-cap equity mutual fund seeks risk-adjusted returns with lower volatility.
Reported by PLANADVISER staff
The fund accesses the top ideas from the less-benchmark constrained equity teams at Neuberger Berman. Neuberger Berman Flexible Select Fund is a long-only, actively managed diversified fund that combines the top holdings from multiple equity teams at the firm focused on absolute return.
The fund will employ 17 to 20 distinct portfolio management teams at Neuberger Berman that manage assets primarily for high-net-worth clients. The fund has the ability to invest in cash and bonds as necessary, based on the underlying asset allocations of the various portfolio management teams. Tickers for the fund are NFLIX, NFLAX and NFLCX.