Welcome!

News Feed Item

First Investors Opportunity Fund Wins 2014 Lipper Fund Award for Best Mid-Cap Core Fund Over Three-Year Period

NEW YORK, March 21, 2014 /PRNewswire/ - The First Investors Opportunity Fund* is the winner of  a 2014 Lipper Fund Award in the Mid-Cap Core category based on its performance over a three-year period as of December 31, 2013.

Co-portfolio managers Edwin Miska, Director of Equities at First Investors Management Company, Inc. (FIMCO), and Steven Hill accepted the award last night in New York. "I am delighted that Lipper chose to recognize the Opportunity Fund's recent and long-term performance," Miska says. "We continue to find exciting opportunities in our asset class."

"The success of the Opportunity Fund is a result of the outstanding leadership of Ed Miska and the hard work of Steven Hill and the entire equities team," says Derek Burke, President of FIMCO. "They have leveraged top-tier portfolio management, fundamental research and have brought our clients consistent, long-term performance. This is what our business is all about."

"We have worked for years to build and refine our investment process," says Hill. "I believe our fund's strong performance coupled with this award validates our process."

Lipper, a Thomson Reuters company, is a global leader in supplying mutual fund information, analytical tools, and commentary. Lipper's benchmarking and classifications are widely recognized as the industry standard by asset managers, fund companies and financial intermediaries.

The 2014 Lipper Fund Awards program "recognizes the world's top performing funds." The program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. In addition, the Lipper Fund Awards program recognizes fund families with high average scores for all funds within a particular asset class or overall. The Lipper Fund Awards take place in 23 countries in Asia, Europe, the Middle East and North Africa, and the Americas. The award winners are formally announced between January and April. Ceremonies take place in select countries.

Lipper, Inc. designates award-winning funds in most individual classifications for the three-, five-, and ten-year periods and fund families with high average scores for the three-year time period. The top three-year classification winners and fund family winners receive trophies.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.

Lipper Rankings: All rankings are done by Lipper, Inc., a Thomson Reuters company. The rankings are based on total return and after mutual fund fees, but before any front-end sales load, where applicable.

Lipper Mid-Cap Core funds are funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) below Lipper's USDE Large-Cap Floor. Mid-Cap Core funds have more latitude in the companies in which they invest. These funds typically have average characteristics compared to the S&P MidCap 400®.

For more complete information about First Investors Opportunity Fund, you may obtain a free prospectus and summary prospectus by downloading it from our website, contacting a Representative, or calling (800) 423-4026. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the Fund, and should be read carefully before you invest or send money.

The Opportunity Fund seeks long-term capital growth. The Fund invests primarily in mid- and small-size companies that the Fund's adviser First Investors Management Company, Inc. believes offer strong growth opportunities. The Fund may continue to hold stocks of mid- and small-size companies that grow into large companies and may also invest opportunistically in stocks of larger companies.

The Fund is most appropriately used to add diversification to an investment portfolio. The Fund is intended for investors who: are seeking significant growth of capital; want exposure to  investments in mid- and small-size companies; are willing to accept higher than average investment risk; and have a long-term investment horizon and are able to ride out market cycles.

The principal risks of investing in the Fund are:

Market Risk: Because the Fund primarily invests in common stocks, it is subject to market risk. Stock prices may decline over short or even extended periods not only because of company-specific developments, but also due to an economic downturn, adverse political or regulatory developments, a change in interest rates or a change in investor sentiment. Stock markets tend to run in cycles with periods when prices generally go up, known as "bull" markets, and periods when prices go down, referred to as "bear" markets.

Mid-Size and Small-Size Company Risk. The market risk associated with stocks of mid-and small-size companies is generally greater than that associated with stocks or larger, more established companies because stocks of mid-and small-size companies tend to experience sharper price fluctuations. The additional volatility associated with mid-to-small-size company stocks is attributable to a number of factors, including the fact that the earnings of such companies tend to be less predictable than those of larger, more established companies. Mid-to-small-size company stocks are also not as broadly traded as stocks or larger companies. At times, it may be difficult for a Fund to sell mid-to-small size company stocks at reasonable prices.

Security Selection Risk. Securities selected by the portfolio manager may perform differently than the overall market or may not meet the portfolio manager's expectations. This may be a result of specific factors relating to the issuer's financial condition or operations or changes in the economy, governmental actions or inactions, or changes in investor perceptions regarding the issuer.

The views expressed by the Portfolio Managers in this release reflect their professional opinions and should not be construed as buy or sell recommendations. The views herein may change based on market and other conditions. Nothing stated herein is intended to be advice and should not be construed as an offer to sell, a solicitation or an offer to buy or a recommendation of a specific security or investment strategy. Investment decisions should be made based on an individual's goals, time horizon and risk tolerance. Stock markets are volatile and can decline significantly in response to adverse issues, including political, regulatory, market or economic developments. Individuals cannot invest directly in an index.

Edwin Miska and Steven Hill are affiliated with First Investors Management Company, Inc., the investment adviser to the First Investors family of funds and an affiliate of First Investors Corporation.

ForestersTM is the trademark of The Independent Order of Foresters ("Foresters"), a fraternal benefit society, 78 Don Mills Road, Toronto, Canada M3C 1T9. Its subsidiary, First Investors Consolidated Corporation ("First Investors"), is licensed to use this mark. First Investors Corporation is a subsidiary of First Investors Consolidated Corporation. All securities products are offered through First Investors Corporation.

*Prior to January 31, 2008, the First Investors Opportunity Fund was known as the First Investors Mid-Cap Opportunity Fund.

First Investors Mutual Funds are distributed by:
First Investors Corporation
40 Wall Street
New York, NY  10005
(800) 423-4026
www.firstinvestors.com

First Investors Management Company is the investment adviser to First Investors Family of Funds and an affiliate of First Investors Corporation.

SOURCE First Investors Corporation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...