Mercantile-Safe Deposit and Trust Co. of Baltimore is developing its first fund specializing in small companies with strong growth prospects.
The MSD&T Capital Opportunities Fund, to be introduced in early July, will invest in companies with market capitalizations of $1.5 billion or less. Delaware Management Co. of Philadelphia will subadvise it.
The MSD&T Funds, with $2.6 billion of assets under management in 13 portfolios, are sold primarily to trust clients of Mercantile, a subsidiary of Mercantile Bankshares.
