CHARLOTTE, N.C. - Evergreen Investment Co., First Union's family of funds, introduced two sector funds Friday, the Evergreen Technology Fund and the Evergreen Health Care Fund.

Bill Ennis, president and chief executive officer of Evergreen, said the goal of both portfolios is long-term capital growth. The funds are nondiversified products that invest in a particular market area, and they are being offered to leverage the demand for innovative funds, he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.