Montreal-based Formula Growth Ltd. Tuesday announced the recent launch of Formula Growth Mutual Fund.

The fund invests in equity securities of U.S. growth companies with management teams that Formula Growth identifies as outstanding, have strong brand identity or prospects, have a dedicated customer focus, and have a record of demonstrated financial performance.

The fund employs a bottom-up security selection method supplemented by a number of quantitative and qualitative analytical tools in order to identify investment opportunities which Formula Growth believes are superior.

The fund is available for sale through Fundserv in Canadian dollar unhedged and U.S. dollar Series A, F and I.