Fifth Third Merges Old Kent and Maxus Funds

October 29, 2001 ( - Following the acquisition of the Old Kent and Maxus Investment Group, Fifth Third Bank has merged the Kent Funds and the Maxus Funds into its Fifth Third Funds complex.

The newly integrated Fifth Third Funds expand upon the fund family’s quality growth equity investment style.

The style, based on the belief that the market will reward companies with above average earnings growth, is being expanded to include the following:

  • disciplined value, which focuses on companies whose current prices are below their intrinsic value
  • broadly diversified, which aims to reduce volatility through investment in a large number of holdings
  • an expanded fixed income lineup of investment style offerings.

The merger of the fund families expands its number of funds from 16 to 31 and increases its total asset size by $6 billion to $12 billion.