New Laudus Mondrian Funds give advisors and individuals access to funds
sub-advised by U.K-based institutional money managers, Mondrian Investment
Partners Limited
SAN FRANCISCO, Nov. 5 /PRNewswire-FirstCall/ -- Charles Schwab & Co.,
Inc. announced today that it has expanded its Laudus Funds line-up by
entering into a new sub-advisory relationship with Mondrian Investment
Partners Limited, the London-based international investment house which
offers investment management services to institutional investors. The newly
created Laudus Mondrian fund offering will include the Laudus Mondrian
Emerging Markets Fund and the Laudus Mondrian International Fixed Income
Fund.
These two new mutual funds provide independent advisors and individual
investors with new access to the international investment expertise of
Mondrian Investment Partners Limited, which has primarily been available to
large institutional investors. "Laudus Funds is committed to providing RIAs
and individual investors with access to leading institutional investment
managers. This new relationship allows us to expand our ability to do that.
We are excited to add a manager of Mondrian's caliber to our fund line-up
and are particularly pleased to provide investors with direct access to a
premier international specialist," said Randy Merk, Executive Vice
President, Investment Management Services for Charles Schwab.
Mondrian Investment Partners Limited follows a strict value-oriented,
defensive investment philosophy, and specializes in managing international
investments for major U.S. institutional investors. The firm was founded in
1990 and has more than $60 billion in assets under management(1). Mondrian
is currently one of five sub-advisors to the Laudus International
MarketMasters Fund.
The new Laudus Mondrian Emerging Markets Fund (LEMSX) will invest
primarily in large-cap equities in emerging market countries, seeking to
provide investors with exposure to the high growth and performance
potential of those markets, while seeking to control downside risk. The
fund will be diversified across both countries and sectors.
"Mondrian's ability to manage risk is one of the big draws. We
understand that there are inherent risks in investing in emerging markets,
and we appreciate that Mondrian's value approach focuses on lower risk
companies and countries thereby reducing volatility," added Merk.
The Laudus Mondrian International Fixed Income Fund (LIFSX) will invest
primarily in high quality, non-U.S. debt securities of governments and
government agencies in developed countries, and will also have the ability
to hold a limited amount of high quality international corporate debt.
Lee Giannone, senior vice president of Mondrian Investment Partners
(US), said the international fixed income fund manager is searching for
fundamental long-term value in virtually any developed country outside the
United States that issues sovereign debt. Says Giannone, "One of the
advantages of our relationship with Schwab is that investment advisors and
individuals will now have access to an investment management team and
sophisticated techniques and analysis previously available only to large
institutions."
See http://www.laudus.com for further information.
About Laudus Funds
The Laudus Group was formed by Charles Schwab Investment Management in
2003 to provide Registered Investment Advisors and sophisticated individual
investors with greater access to leading institutional portfolio managers.
The Laudus Funds consist of three groups of funds. The Laudus Rosenberg
Funds are sub-advised by AXA Rosenberg, while the Laudus MarketMasters
Funds are a series of multi-manager, "best-in-class" funds. The Laudus
Mondrian Funds, our newest offering, are sub-advised by Mondrian Investment
Partners Limited.
About Charles Schwab Investment Management
Founded in 1991, Charles Schwab Investment Management, Inc., (CSIM) a
subsidiary of the Charles Schwab Corporation, is one of the nation's
largest asset management companies with over $219 billion in assets under
management(1). It is among the country's largest money market fund managers
and is the third-largest provider of retail index funds. In addition to
managing Schwab proprietary funds, CSIM provides oversight for the
institutional-style, sub-advised Laudus Fund family. CSIM currently manages
70 mutual funds, including 33 actively-managed funds, and five separate
account model portfolios.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 306 offices and 6.9 million client
brokerage accounts, 1.2 million corporate retirement plan participants,
212,000 banking accounts, and $1.4 trillion in client assets. Through its
operating subsidiaries, the company provides a full range of securities
brokerage, banking, money management and financial advisory services to
individual investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and products
including an extensive selection of mutual funds; financial planning and
investment advice; retirement plan and equity compensation plan services;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment
advisors through its Schwab Institutional division. The Charles Schwab
Bank, N.A. (member FDIC) provides banking and mortgage services and
products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org) is an
electronic trading technology and brokerage firm providing services to
highly active, online traders. More information is available at
http://www.schwab.com.
About Mondrian Investment Partners Limited
Mondrian Investment Partners Limited is a London-based international
investment specialist, who manages over $60 billion worldwide(1). They
apply a consistent value-oriented, defensive philosophy across all of their
strategies, and manage a significant proportion of their assets for U.S.
based investors. Traditionally, Mondrian has made its investment management
services available to Governments, large institutions and high net worth
individuals, serving some of the largest pension funds and endowments in
the U.S.
(1) As of September 30, 2007.
INVESTORS SHOULD CONSIDER CAREFULLY INFORMATION CONTAINED IN THE
PROSPECTUS, INCLUDING INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES.
YOU CAN REQUEST A PROSPECTUS BY CALLING LAUDUS AT 877-252-8387. PLEASE READ
THE PROSPECTUS CAREFULLY BEFORE INVESTING.
INVESTMENT VALUE WILL FLUCTUATE, AND SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN ORIGINAL COST.
INTERNATIONAL INVESTING INVOLVES SPECIAL RISKS SUCH AS CURRENCY
FLUCTUATION AND POLITICAL INSTABILITY. INVESTING IN EMERGING MARKETS MAY
ACCENTUATE THESE RISKS.
The Laudus Funds consist of the Laudus Rosenberg Funds and the Laudus
Mondrian Funds, which are part of the Laudus Trust and are distributed by
ALPS Distributors, Inc, and the Laudus MarketMasters Funds, which are part
of the Schwab Capital Trust and are distributed by Charles Schwab.
Distributor: ALPS Distributor, Inc. (C)2007 Charles Schwab & Co., Inc.
Member SIPC, IAN LAU001229-123107
SOURCE Charles Schwab
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Related links:
http://www.schwab.com/
CONTACT:
Sondra Harris of Charles Schwab,
+1-415-636-3292, sondra.harris@schwab.com
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