The Munder Mid-Capitalization Growth strategy seeks to outperform the Russell MidCap® Growth benchmark by investing in companies that the investment team believes are high quality and have the potential for above-average earnings growth.
Philosophy & Process
The management team believes that sound fundamental stock analysis coupled with robust risk controls should result in positive risk-adjusted performance versus the benchmark. Portfolios are broadly diversified, typically holding 70 to 100 stocks. To highlight stock selection and control sector risk, sector weights are similar to those of the Russell MidCap® Growth benchmark. Characteristics sought include: higher than average earnings growth; consistency of earnings growth; valuation levels attractive relative to the market and the company’s growth rate; below-average debt levels; quality as measured by: leadership position in the company’s industry, proven operating earnings results and a highly regarded management team. All portfolios are fully invested, with cash levels generally around 2% or less.