WHEELING, W.VA. - Wesbanco Inc. is adding a new mutual fund to its Wesmark Funds family.
The Wesmark Small Company Growth Fund, which will be converted from a common trust, has about $20 million of assets under management. The target date for conversion is Aug. 1, said Jerome B. Schmitt, executive vice president of investments and trusts.
According to a registration statement filed with the Securities and Exchange Commission, the fund will invest in growth-oriented stocks similar in size to stocks within the Russell 2000 index.
The Wesmark family contains four portfolios and has about $480 million of assets under management.