Legg Mason Wood Walker Inc. has unveiled its 18th mutual fund, targeting investors who seek long-term capital appreciation.

The U.S. Small Capitalization Value Trust Fund invests in small companies, particularly those with low price-to-earnings ratios, strong balance sheets, and solid growth potential, said a spokeswoman for the Baltimore-based broker-dealer. The Legg Mason Funds have $12 billion of assets under management.

A minimum initial investment of $1,000 is required, and the minimum on subsequent purchases is $100, said Tal Daley, vice president of marketing for Legg Mason Funds. To avoid the initial outlay, clients can have $50 a month debited from a savings or checking account.

-Cheryl Winokur

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.