STI Capital Management is introducing small-cap value equity and emerging market equity mutual funds and two equity commingled funds.
STI planned to launch the mutual funds Jan. 1 and the commingled funds April 1, said James R. Wood, president of the Orlando-based subsidiary of Sun Bank.
The two commingled funds will be a global equity fund, which will draw from STI's international and domestic equity managers' picks, and a contrarian value equity fund, which invests in large-cap value stocks but doesn't follow the same strict dividend payout guidelines as STI's traditional value equity product. Dan Jaworski will be portfolio manager of the global fund; a lead manager for the contrarian value fund will be selected soon, he said.
The two commingled funds eventually will be offered as mutual funds, said Mr. Wood. STI, which manages approximately $11 billion in assets, follows a strategy of launching new products as commingled funds to build a track record and asset base before offering them as retail mutual funds, said Mr. Wood. The commingled funds, which carry a $1 million account minimum, are aimed at the institutional market.