BPV Wealth Management, the Tennessee-based registered investment advisor serving high net worth clients, has launched two new mutual funds that are publicly traded and aimed at regular investors.

The BPV Core Diversification Fund and BPV Wealth Preservation Fund require a minimum investment of $5,000, compared to the $250,000 to $500,000 range usually offered by the firm. The funds will be managed by George Hashbarger, who also heads Quintium Advisors, the firm that provides investment management services to BPV.

The Core Diversification Fund includes equities, fixed income, commodities and other alternative options that aim to reduce volatility, while the Wealth Preservation Fund takes long positions on equities and fixed-income securities. The funds' expenses are capped at one per cent annually. 

"Utilizing a new breed of hybrid investment strategies, the fund seeks to safeguard investor principal and enables individuals to put cash resources to work, while maintaining an emphasis on wealth preservation," said Mike West, chief executive of BPV.

Both funds will be actively managed from the group's headquarters in West Knoxville.