Monument Funds adds Internet stocks group

Maryland Watch

November 17, 1998

Monument Funds Group Inc. has launched a mutual fund that invests in Internet stocks, the company said yesterday.

The fund, called the Monument Internet Fund, will invest at least 65 percent of its assets in companies involved in the World Wide Web, e-mail, electronic commerce and other Internet services.

Companies must generate at least 50 percent of their assets, gross income or net profit from Internet-related businesses to be considered for the fund.

"We understand these kind of companies and what makes them tick," said David A. Kugler, president of Laurel-based Monument Funds Group.

Monument said it wants to invest in companies that are based not only in the Baltimore-Washington region, but nationwide.

Monument Funds Group started Jan. 2 with the launch of two mutual funds that invest in companies operating in the Baltimore-Washington region.

The Monument Washington Regional Growth Fund concentrates on midsize and large companies, and the Monument Washington Regional Aggressive Growth Fund targets small new companies.

Pub Date: 11/17/98

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