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RiverSource Mid-Cap Value recognized in USA Today
In USA Today®, Feb. 25 edition, the RiverSource Mid-Cap Value Fund was recognized as one of 20 "Mutual Fund All-Stars for 2008" for its consistent performance and management tenure.
Not Crowd Followers
RiverSource Mid-Cap Value Fund, a "deep value" fund, purchases stocks that Wall Street dismisses. The contrarian philosophy espoused by this team adopts an approach of researching and investing in stocks that appear to be under pressure but may have the potential to drive strong returns over time as their valuations stabilize and improve. The approach adopted by this Minneapolis-based team has led to distinctive results over time. Impressed by the investment style, USA Today said, "Such investing calls for courage and a strong contrarian streak."Ted Truscott, president - U.S. Asset Management/Distribution and chief investment officer comments, "This is an outstanding accomplishment for the Contrarian Equity team as they continue to demonstrate a proven track record of success -- even in challenging market environments."
An Experienced Team
The Contrarian Equity Team is led by senior equity portfolio manager, Warren Spitz, who brings more than 23 years of experience to the Contrarian Equity team. Equity portfolio managers Steve Schroll, Laton Spahr and Paul Stocking bring an average of 19 years of experience to the team. In addition, the team includes eight seasoned research analysts who analyze and gather information about out-of-favor stocks, making recommendations on both a macro and individual stock basis.
More Information
Investments in mid-capitalization companies often involve greater risks and potential volatility than investments in larger, more established companies.
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RiverSource® mutual funds are distributed by RiverSource Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.