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Evergreen Rolls Out Focus Fund

Catherine Valenti

Evergreen Funds has launched a new focused fund called the Evergreen Premier 20 Fund, a multicap, multisector portfolio of 20 to 40 stocks.

The fund will be managed by Don Bisson, Maureen Cullinane, Patricia Bannan and Liu-Er Chen. The managers will seek to identify a portfolio of stocks with the best growth prospects, regardless of market cap or style.

Bisson, a certified financial analyst and vice president and portfolio manager with the company, has managed private accounts and been an analyst for the Evergreen small-cap growth team since 1996. Cullinane, also a CFA, has managed the (EAGAX)Evergreen Aggressive Growth fund since April 1999, the (EKJAX)Evergreen Large Company Growth fund since April 1995 and the (EKOAX)Evergreen Omega Fund since 1989.

Bannan is a CFA who joined Evergreen's growth and income team in 1999 and has managed the equity portion of the (EKBAX)Evergreen Balanced Fund since November 1999. Chen is also a CFA with more than five years of investment experience, the company said in a press release.

Headquartered in Boston, Evergreen Funds has $87 billion under management.